SINGLE-MEMBER. (Applies ONLY if Single-Member): The Company shall maintain a “capital account” for the Member. The Member’s capital account reflects the capital contributions and the resultant increases for any net gain of the Company. The Member’s capital account also reflects the capital contributions and resultant reductions for any net loss and deduction of the Company.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Limited Liability Company Operating Agreement
