U.S. Tax Classification. (a) The Company shall be classified as a partnership for U.S. federal income tax purposes. Neither the Company nor any Member shall take any action so as to cause the Company to be treated as an association taxable as a corporation for U.S. federal income tax purposes.
Appears in 4 contracts
Samples: Operating Agreement (EPL Intermediate, Inc.), Operating Agreement (El Pollo Loco Holdings, Inc.), Limited Liability (EPL Intermediate, Inc.)