Allocations. All income, gains, losses, credits and deductions shall be allocated to and reported to the Member in accordance with the Member’s Membership Interest as a sole proprietor for federal income taxes.
Appears in 114 contracts
Samples: Operating Agreement (Century Communities of Georgia, LLC), Limited Liability Company Agreement (Century Communities of Georgia, LLC), Limited Liability Company Agreement (Century Communities of Georgia, LLC)
Allocations. All income, gains, losses, credits and deductions shall be allocated to and reported to the Managing Member in accordance with the Managing Member’s Membership Interest as a sole proprietor for federal income taxes.
Appears in 2 contracts
Samples: Operating Agreement (Century at Murphy Creek, LLC), Operating Agreement (Century at Murphy Creek, LLC)
