Accounting; Tax Year. The Company shall report its operations for tax purposes on such method and based upon such taxable year as the Manager determines to be appropriate consistent with applicable federal income tax laws. The financial statements of the Company shall be prepared in accordance with generally accepted accounting principles.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Comdisco Holding Co Inc), Limited Liability Company Agreement (Comdisco Holding Co Inc), Limited Liability Company Agreement (Comdisco Holding Co Inc)
Accounting; Tax Year. The Company shall report its operations for tax purposes on such method and based upon such taxable year as the Manager determines to be appropriate Members determine consistent with applicable federal income tax laws. The financial statements taxable year of the Company shall be prepared in accordance with generally accepted accounting principlesthe calendar year.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Geospatial Holdings, Inc.)
Accounting; Tax Year. The Company shall report its operations for tax purposes on such method the cash basis and based upon such the calendar year unless a different method or accounting or taxable year as the Manager determines to be appropriate consistent with applicable federal income tax laws. The financial statements of the Company shall be prepared in accordance with generally accepted accounting principlesrequired under the Code.
Appears in 1 contract
Samples: Operating Agreement
