Subchapter S Election. The Company may, upon unanimous consent of the Members, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.
Appears in 8 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Amended Operating Agreement (Immudyne, Inc.)
Subchapter S Election. The Company may, upon unanimous consent of the Members, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.
Appears in 2 contracts
Samples: Company Agreement, Company Agreement
Subchapter S Election. The Company may, upon unanimous majority consent of the Members, elect to be treated for income tax purposes as an S Corporationcorporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.
Appears in 1 contract
Samples: Operating Agreement
Subchapter S Election. The Company may, upon unanimous consent by Members holding at least 75% of the Membersall Membership Interests, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Subchapter S Election. The Company may, upon unanimous consent of the Members, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.
Appears in 1 contract
Samples: Operating Agreement