Common use of Returns and Reports Clause in Contracts

Returns and Reports. The Company shall prepare or have prepared and distribute, at the Company's expense, a completed copy of the Company's federal information return and any similar state income tax return required by applicable law. The Managers will use reasonable efforts to mail each Member's Schedule K-1 (Form 1065) within one hundred (100) days of the end of each calendar year of the Company. The Company shall also furnish to each Member such other reports on the operation of the Company as may be reasonably requested. Each Member shall file such state income tax returns and make timely payment of all state taxes imposed with respect to such Member's share of Company income.

Appears in 4 contracts

Samples: Operating Agreement (Sparking Events, Inc.), Operating Agreement (Cavalier Holdings, Inc.), Operating Agreement (Sparking Events, Inc.)

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