Common use of Records and Accounting; Reports; Fiscal Affairs Clause in Contracts

Records and Accounting; Reports; Fiscal Affairs. Proper and complete records and books of accounting of the business of the Company, including a list of names, addresses and interests of all Members, shall be maintained at the Company’s principal place of business. The books and records of the Company shall be kept on cash basis of accounting, and the cash basis of accounting shall be followed by the Company for federal income tax purposes.

Appears in 15 contracts

Samples: LLC Operating Agreement, LLC Operating Agreement, LLC Operating Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!