Status of the Company. It is intended that the Company be disregarded as an entity separate from the Member for federal income tax purposes. No election shall be made pursuant to Treasury Regulation Section 1.7701-3 promulgated under the United States Internal Revenue Code of 1986, as amended from time to time, (the “Code”) to treat the Company as an association taxable as a corporation. To the extent the Company is not disregarded for any state, local or foreign income or franchise tax purpose, or other tax purpose, the Company shall prepare and file tax returns as necessary, and the Member shall prepare tax returns consistently with such tax returns.
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Samples: Limited Liability Company Agreement (Aleris Ohio Management, Inc.), Limited Liability Company Agreement (Aleris Ohio Management, Inc.), Limited Liability Company Agreement (Aleris Ohio Management, Inc.)
Status of the Company. It is intended that the Company be disregarded as an entity separate from the Member for federal income tax purposes. No election shall be made pursuant to Treasury Regulation Section 1.7701-3 promulgated under the United States Internal Revenue Code of 1986, as amended from time to time, time (the “Code”) ), to treat the Company as an association taxable as a corporation. To the extent the Company is not disregarded for any state, local or foreign income or franchise tax purpose, or other tax purpose, the Company shall prepare and file tax returns as necessary, and the Member shall prepare tax returns consistently with such tax returns.
Appears in 1 contract
Status of the Company. It is intended that the Company be disregarded as an entity separate from the Member for federal income tax purposes. No election shall be made pursuant to Treasury Regulation Section 1.7701301.7701-3 promulgated under the United States Internal Revenue Code of 1986, as amended from time to timeamended, (the “Code”) to treat the Company as an association taxable as a corporation. To the extent the Company is not disregarded as an entity separate from the Member for any federal, state, local or foreign income or franchise tax purpose, or other tax purpose, the Company shall prepare and file tax returns as necessary, and the Member shall prepare tax returns consistently with such tax returns.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Michael Foods Group, Inc.)
