Returns and Other Elections. The Manager will cause the preparation and timely filing of all tax returns required to be filed by the Company pursuant to the IRC and all other tax returns deemed necessary and required in each jurisdiction in which the Company does business.
Appears in 2 contracts
Samples: Operating Agreement (Performance Drilling Co LLC), Operating Agreement (Performance Drilling Co LLC)
Returns and Other Elections. The Manager will shall cause the preparation and timely filing of all tax returns required to be filed by the Company pursuant to the IRC and all other tax returns deemed necessary and required in each jurisdiction in which the Company does business. All elections permitted to be made by the Company under federal or state laws shall be made by the Manager in the Manager's sole discretion, provided that the Manager shall make any tax election requested by a Member owning a Majority Interest.
Appears in 2 contracts
Samples: Operating Agreement (Horsburgh & Scott Co), Operating Agreement (Horsburgh & Scott Co)
Returns and Other Elections. The Manager will shall cause the preparation and timely filing of all tax returns required to be filed by the Company pursuant to the IRC and all other tax returns deemed necessary and required in each jurisdiction in which the Company does business. Copies of those returns, or pertinent information from the returns, shall be furnished to the Members within a reasonable time after the end of the Company's fiscal year.
a. All elections permitted to be made by the Company under federal or state laws shall be made by the Manager after consultation with all of the Members.
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