Common use of Income Tax Status Clause in Contracts

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S., federal, state and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 18 contracts

Samples: Limited Liability Company Agreement (Great Elm Capital Corp.), Limited Liability Company Agreement (Great Elm Capital Corp.), Limited Liability Company Agreement (Lendway, Inc.)

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Income Tax Status. It is the intent of this the Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Hut 8 Corp.), Limited Liability Company Agreement (iMedia Brands, Inc.), Limited Liability Company Operating Agreement (Arcadia Biosciences, Inc.)

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S.US, federal, state state, and local income tax purposes. Neither the Company Manager nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Income Tax Status. It is the intent of this the Company and the Members that this the Company shall be treated as a partnership for U.S., U.S. federal, state and local income tax purposes. Neither the Company Company, the Partnership Representative nor any Member shall make an election for the Company to be classified treated as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Chicken Soup for the Soul Entertainment, Inc.), Limited Liability Company Agreement (Chicken Soup for the Soul Entertainment, Inc.)

Income Tax Status. It is the intent of this the Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 2 contracts

Samples: Operating Agreement (Singing Machine Co Inc), Company Agreement

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S., federal, state and local income tax purposes. Each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Global Technologies LTD), Limited Liability Company Agreement (Edison Nation, Inc.)

Income Tax Status. It is the intent of this the Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company Company, the Initial Members, nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (iPower Inc.), Limited Liability Company Operating Agreement (iPower Inc.)

Income Tax Status. It is the intent of this the Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company Company, the Managing Directors, nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Operating Agreement (Hempacco Co., Inc.)

Income Tax Status. It is the intent of this the Company and the Voting Members that this the Company shall be treated as a partnership for U.S., federal, state and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rayven Properties, LLC)

Income Tax Status. It is the intent of this Company and the Members that this Company shall will be treated as a partnership for U.S., federal, state and local income tax purposes. Neither the Company nor any Member shall will make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NeoGames S.A.)

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither of the Company Company, the Manager, nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Operating Agreement

Income Tax Status. It is the intent of this the Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company Company, the Manager, nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3, unless agreed to otherwise in writing by the Majority Interests.

Appears in 1 contract

Samples: Operating Agreement (Sugarmade, Inc.)

Income Tax Status. It is the intent of this ofthe Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company Company, the Manager, nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Operating Agreement

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Income Tax Status. It is the intent of this Company and the Members its Owners that this Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company Manager nor any Member Owner shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3301.770103.

Appears in 1 contract

Samples: Operating Agreement

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither of the Company Company, the Managers, nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Operating Agreement

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S., federal, state and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grom Social Enterprises, Inc.)

Income Tax Status. It is the intent of this Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3.

Appears in 1 contract

Samples: Operating Agreement (Csac Acquisition Inc.)

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S., U.S. federal, state and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3for U.S. income tax purposes.

Appears in 1 contract

Samples: Joint Venture Agreement (Xeriant, Inc.)

Income Tax Status. It is the intent of this the Company and the Members that this the Company shall be treated as a partnership for U.S., federal, state state, and local income tax purposes. Neither the Company Company, any Manager, nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations Section 301.7701-3Regulations.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Flewber Global Inc.)

Income Tax Status. It is the intent of this Company and the Members that this Company shall be treated as a partnership for U.S., federal, state and local income tax purposes. Neither the Company nor any Member shall make an election for the Company to be classified as other than a partnership pursuant to Treasury Regulations ... Section 301.7701-310.03.

Appears in 1 contract

Samples: Contribution Agreement

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