No Tax Election. The Member shall not make an election to have the Company treated as an association taxable as a corporation for federal income tax purposes. The Company shall be treated as disregarded from its sole owner for purposes of U.S. federal income tax.
Appears in 13 contracts
Samples: Operating Agreement (PJC Manchester Realty LLC), Limited Liability Company Operating Agreement (PJC Manchester Realty LLC), Operating Agreement (PJC Manchester Realty LLC)
No Tax Election. The Member shall not make an election to have the Company treated as an association taxable as a corporation for federal income tax purposes. The Company shall be treated as disregarded from its sole owner for purposes of U.S. federal income tax.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Semiconductor Components Industries of Rhode Island Inc), Limited Liability Company Agreement (Semiconductor Components Industries of Rhode Island Inc), Limited Liability Company Agreement (Semiconductor Components Industries LLC)
No Tax Election. The No Member shall not make an election to have the Company treated as an association taxable as a corporation for federal income tax purposes. The Company shall be treated as disregarded from its sole owner for purposes of U.S. federal income tax.
Appears in 1 contract
