Common use of Formation of LLC Clause in Contracts

Formation of LLC. The Parties have formed a Limited Liability Company named (Hereinafter referred to as the “LLC”) in the State of . The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of relating to the formation, taxation, and operation of an LLC. The Members agree that the LLC shall be taxed as a partnership. The partnership shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnership.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Formation of LLC. The Parties have formed a Limited Liability Company named _____________________________________________________________ (Hereinafter referred to as the “LLC”) in the State of ____________________. The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of ________________________________________ relating to the formation, taxation, taxation and operation of an a LLC. The Members agree that the LLC shall be taxed as a partnership. The partnership shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnership.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Formation of LLC. The Parties have formed a Limited Liability Company named (Hereinafter referred to as the “LLC”) in the State of . The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of relating to the formation, taxation, taxation and operation of an a LLC. The Members agree that the LLC shall be taxed as a partnership. The partnership shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnership.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Formation of LLC. The Parties have formed a Limited Liability Company named Name Of LLC (Hereinafter referred to as the “LLC”) in the State of . The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of relating to the formation, taxation, taxation and operation of an a LLC. The Members agree that the LLC shall be taxed as a partnership. The partnership shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnership.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Formation of LLC. The Parties have formed a Limited Liability Company named (Hereinafter referred to as the “LLC”) in the State of Colorado. The LLC shall be operated by the terms of this Agreement and the applicable laws of the State of relating to the formation, taxation, and operation of an LLC. The Members agree that the LLC shall be taxed as a partnership. The partnership shall be inoperative if there are any provisions of this agreement that may cause the LLC not to be taxed as a partnership.

Appears in 1 contract

Samples: Operating Agreement

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