Reimbursement for Organizational Costs. Members shall be reimbursed by the LLC for organizational expenses paid by the members. The LLC shall be authorized to elect to deduct organizational expenses and start-up expenditures ratably over a period of time as permitted by the Internal Revenue Code and as may be advised by the LLC's tax advisor.
Reimbursement for Organizational Costs. Members shall be reimbursed by River Edge for approved organizational expenses paid by the Members.
