Common use of Accounting Methods; Company Records Clause in Contracts

Accounting Methods; Company Records. (A) The Company’s books, financial statements, and records shall be prepared in accordance with generally accepted accounting practices, consistently applied. The Company shall use the cash or accrual method of accounting, as determined by the Member and permitted by applicable tax law. All federal, state, and local statements and records of the Company shall be prepared by a firm of certified public accountants selected by the Member. (B) The Company shall comply with all recordkeeping requirements imposed by the Act. The Company shall maintain its books, records, and financial statements separate from those of any other Person.

Appears in 1 contract

Samples: Operating Agreement (QualityTech, LP)

AutoNDA by SimpleDocs

Accounting Methods; Company Records. (A) The Company’s 's books, financial statements, statements and records shall be prepared in accordance with generally accepted accounting practicesprinciples, consistently applied. The Company shall use the cash or accrual method of accounting, as determined by the Member Manager and permitted by applicable tax law. All federal, state, state and local statements and records of the Company shall be prepared by a firm of certified public accountants an accountant selected by the Member. (B) The Company shall comply with all recordkeeping record keeping requirements imposed by the Act. The Company shall maintain its books, records, records and financial statements separate from those of any other Person.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Accounting Methods; Company Records. (A) The Company’s books, financial statements, 's books and records shall be prepared in accordance with generally accepted accounting practices, consistently applied. The Company shall use the cash or accrual method of accountingAll Federal, as determined by the Member and permitted by applicable tax law. All federal, state, state and local statements and records of the Company shall be prepared by a firm of certified public accountants selected by the Member. (B) The Member shall cause the Company shall to comply with all recordkeeping record keeping requirements imposed by the Act. The Company shall maintain its books, records, and financial statements separate from those of any other Person.

Appears in 1 contract

Samples: Operating Agreement (Amerus Life Holdings Inc)

AutoNDA by SimpleDocs

Accounting Methods; Company Records. (Aa) The Company’s books, financial statements, and records shall be prepared in accordance with generally accepted accounting practicesprinciples, consistently applied. The Company shall use the cash or accrual method of accounting, as determined by the Member manager and permitted by applicable tax law. All federal, state, and local statements and records of the Company shall be prepared by a firm of certified public accountants party selected by the Membermanager. (Bb) The Company shall comply with all recordkeeping requirements imposed by the Act. The Company shall maintain its books, records, and financial statements separate from those of any other Person.

Appears in 1 contract

Samples: Operating Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!