Initially Disregarded Entity. The Initial Member acknowledges that, initially, it is the intention of the Initial Member that the Company be disregarded as an entity separate from the Initial Member for federal and state income tax purposes (and for no other purposes). The Company may subsequently elect to be regarded as a corporation for federal and state income tax purposes.
Appears in 4 contracts
Samples: Operating Agreement (Huntsman Surfactants Technology Corp), Operating Agreement (Huntsman Surfactants Technology Corp), Operating Agreement (Huntsman Surfactants Technology Corp)
Initially Disregarded Entity. The Initial Member acknowledges that, initially, it is the intention of the Initial Member that the Company be disregarded as an entity separate from the Initial Member for federal and state income tax purposes (and for no other purposes). The Company may subsequently elect to be regarded as a corporation for federal and state income tax purposes.
Appears in 2 contracts
Samples: Operating Agreement (Huntsman Surfactants Technology Corp), Operating Agreement (Tioxide Americas (Holdings) LLC)
