Formation of LLC. The Member formed an LLC named _ _ in the State of Formation. The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of Formation relating to the formation, taxation, and operation of an LLC. The Member agrees that the LLC shall be taxed as a sole proprietorship. The sole proprietorship shall be inoperative if there are any provisions of this Agreement that may cause the LLC not to be taxed as a sole proprietorship.
Appears in 11 contracts
Samples: Operating Agreement, Operating Agreement, Limited Liability Company Operating Agreement
Formation of LLC. The Member having formed an LLC a Limited Liability Company named _ _ (Hereinafter referred to as the “LLC”) in the State of Formation. The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of Formation relating to the formation, taxation, taxation and operation of an a LLC. The Member agrees that the LLC shall be taxed as a sole proprietorship. The sole proprietorship shall be inoperative if there are any provisions of this Agreement agreement that may cause the LLC not to be taxed as a sole proprietorship.
Appears in 2 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement
