Books; Fiscal Year; Accounting Terms. (a) The books of the Company shall be kept on the accrual basis and in accordance with generally accepted accounting principles consistently applied.
(b) The fiscal year of the Company for financial and tax reporting purposes shall end on December 31 of each year.
Books; Fiscal Year; Accounting Terms. The Company books shall be maintained at the offices of Main Place Funding, LLC, and each member shall have access thereto. The fiscal year of the Company shall be the calendar year, and the books shall be closed and balanced at the end of each fiscal year. The Company will furnish annual financial statements to the members upon request, and prepare tax returns as required in a timely manner.
Books; Fiscal Year; Accounting Terms. (a) The books of the Company shall be kept in accordance with generally accepted accounting principles, consistently applied, and pursuant to such method as is chosen by the Member.
(b) The fiscal year of the Company shall be the calendar year.
(c) The terms “profits” and “losses,” as used herein, shall mean profits and losses as determined for federal income tax purposes.
