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For the avoidance of doubt, the First Tax Period shall be treated as an S corporation short year, and the Second Tax Period shall be treated as a C corporation short year.", "samples": [{"hash": "6Ztc8Kz8IjO", "uri": "/contracts/6Ztc8Kz8IjO#tax-status-of-the-company", "label": "Stock Purchase Agreement (reAlpha Tech Corp.)", "score": 36.1485290527, "published": true}], "hash": "946939effb4acf7edc1177f5a1794b55", "id": 6}, {"snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "an-association", "type": "clause", "offset": [35, 49]}, {"key": "a-corporation", "type": "clause", "offset": [61, 74]}, {"key": "for-us", "type": "clause", "offset": [75, 82]}, {"key": "federal-tax-purposes", "type": "clause", "offset": [84, 104]}, {"key": "the-foregoing", "type": "clause", "offset": [124, 137]}, {"key": "duly-executed", "type": "clause", "offset": [175, 188]}, {"key": "form-8832", "type": "clause", "offset": [226, 235]}, {"key": "the-day", "type": "definition", "offset": [357, 364]}, {"key": "the-effective-date", "type": "clause", "offset": [375, 393]}], "size": 1, "snippet": "The Company shall be classified as an association taxable as a corporation for U.S. federal tax purposes. In furtherance of the foregoing, the Company shall file a timely and duly executed election on Internal Revenue Service Form 8832 to be classified as an association taxable as a corporation for U.S. federal tax purposes, effective as of no later than the day preceding the Effective Date.", "samples": [{"hash": "dajYxu7yLXj", "uri": "/contracts/dajYxu7yLXj#tax-status-of-the-company", "label": "Limited Liability Company Agreement (Vistra Corp.)", "score": 35.1793289185, "published": true}], "hash": "305f877c5bbcb1df962d90155a1e2885", "id": 7}, {"snippet_links": [{"key": "in-accordance-with", "type": "clause", "offset": [0, 18]}, {"key": "treasury-regulation", "type": "definition", "offset": [19, 38]}, {"key": "the-company-has", "type": "clause", "offset": [77, 92]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [174, 201]}, {"key": "a-corporation", "type": "clause", "offset": [227, 240]}, {"key": "for-purposes-of", "type": "clause", "offset": [241, 256]}, {"key": "subtitle-c", "type": "definition", "offset": [257, 267]}, {"key": "taxes-and", "type": "clause", "offset": [280, 289]}, {"key": "collection-of-income", "type": "clause", "offset": [290, 310]}, {"key": "internal-revenue-code-of-1986", "type": "definition", "offset": [323, 352]}, {"key": "as-amended", "type": "definition", "offset": [354, 364]}], "size": 1, "snippet": "In accordance with Treasury Regulation Section 301.7701-2(c), for so long as the Company has a single owner, it shall be disregarded as an entity separate from its owner for federal income tax purposes, but shall be treated as a corporation for purposes of Subtitle C (Employment Taxes and Collection of Income Tax) of the Internal Revenue Code of 1986, as amended.", "samples": [{"hash": "awdBxGJbNtw", "uri": "/contracts/awdBxGJbNtw#tax-status-of-the-company", "label": "Limited Liability Company Agreement (Centennial Resource Management, LLC)", "score": 30.200548172, "published": true}], "hash": "4821220ddad4b75b3bd4477fa6f723a7", "id": 8}, {"snippet_links": [{"key": "the-manager", "type": "definition", "offset": [0, 11]}, {"key": "best-efforts", "type": "clause", "offset": [25, 37]}, {"key": "the-code", "type": "clause", "offset": [67, 75]}, {"key": "from-time-to-time", "type": "clause", "offset": [92, 109]}, {"key": "the-internal-revenue-service", "type": "definition", "offset": [113, 141]}, {"key": "other-agency", "type": "definition", "offset": [150, 162]}, {"key": "the-federal-government", "type": "clause", "offset": [166, 188]}, {"key": "the-company-will", "type": "clause", "offset": [233, 249]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [287, 314]}, {"key": "tax-matters-member", "type": "definition", "offset": [354, 372]}, {"key": "for-the-company", "type": "clause", "offset": [374, 389]}], "size": 1, "snippet": "The Manager will use its best efforts to meet such requirements of the Code, as interpreted from time to time by the Internal Revenue Service, by any other agency of the federal government, or by the courts, necessary to assure that the Company will be classified as a \"partnership\" for Federal income tax purposes. 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It typically specifies whether the company is treated as a corporation, partnership, or another entity for tax purposes, and may require the company to maintain this status throughout the agreement. This clause ensures all parties are aware of the company's tax position, which can affect distributions, reporting, and compliance, thereby reducing the risk of misunderstandings or disputes related to tax liabilities."}, "json": true, "cursor": ""}}