Accounting; Accounting Method. For tax reporting purposes of determining Profits and Losses, the books and records of the LLC shall be kept on the accrual method of accounting in accordance with generally accepted accounting principles consistently applied. The books of account and records of the LLC shall be prepared by the LLC and audited by the Auditor. All LLC accounting policy issues shall be subject to final approval by TAG MEX.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group), Limited Liability Company Operating Agreement (Tarrant Apparel Group), Limited Liability Company Operating Agreement (Tarrant Apparel Group)
Accounting; Accounting Method. For tax reporting purposes and for purposes of determining Profits and Losses, the books and records of the LLC shall be kept on the accrual method of accounting in accordance with generally accepted accounting principles consistently applied. The books of account and records of the LLC shall be prepared by the LLC and audited by the Auditor. All LLC accounting policy issues shall be subject to final approval by TAG MEXAccountant.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Candies Inc), Candies Inc
