Common use of LLC Taxes Clause in Contracts

LLC Taxes. The LLC has filed all material Tax Returns that it was required to file prior to the date hereof. All such Tax Returns are correct and complete in all material respects. All Taxes owed by the LLC (whether or not shown on any Tax Return) have been paid. The LLC has always been treated as a partnership or as an entity that is disregarded for federal income tax purposes and has not been treated as a publicly traded partnership taxable

Appears in 3 contracts

Samples: Contribution Agreement (Asset Capital Corporation, Inc.), Contribution Agreement (Asset Capital Corporation, Inc.), Contribution Agreement (Asset Capital Corporation, Inc.)

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LLC Taxes. The LLC has filed all material Tax Returns that it was required to file prior to the date hereof. All such Tax Returns are correct and complete in all material respects. All Taxes owed by the LLC (whether or not shown on any Tax Return) have been paid. The LLC has always been treated as a partnership or as an entity that is disregarded for federal income tax purposes and has not been treated as a publicly traded partnership taxablehave

Appears in 2 contracts

Samples: Contribution Agreement (Asset Capital Corporation, Inc.), Contribution Agreement (Asset Capital Corporation, Inc.)

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