Accounting Basis. The Company shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to be used in the preparation of the Company’s tax returns.
Appears in 367 contracts
Samples: Limited Liability Company Operating Agreement (Masterworks 104, LLC), Limited Liability Company Operating Agreement (Masterworks 007, LLC), Limited Liability Company Operating Agreement (Masterworks 057, LLC)
Accounting Basis. The Company shall use such method of accounting as may be determined by the Board Manager that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board Manager may from time to time determine to be used in the preparation of the Company’s tax returns.
Appears in 14 contracts
Samples: Limited Liability Company Operating Agreement (Vault Holding 1, LLC), Limited Liability Company Operating Agreement (Vault Holding 1, LLC), Limited Liability Company Operating Agreement (Vault Holding 1, LLC)
Accounting Basis. The Company and each Series shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to determine, provided, the Company financial statements shall be used prepared in the preparation a manner that complies with applicable requirements of the Company’s tax returnsSecurities and Exchange Commission.
Appears in 11 contracts
Samples: Limited Liability Company Operating Agreement (Masterworks Vault 2, LLC), Limited Liability Company Operating Agreement (Masterworks Vault 1, LLC), Limited Liability Company Operating Agreement (Masterworks Vault 3, LLC)
Accounting Basis. The Company shall use such method of accounting as may be determined by the Board Managing Member that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board Managing Member may from time to time jointly determine to be used in the preparation of the Company’s tax returns.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Muscle Maker, Inc.)
