TAX AND FINANCIAL PROVISIONS. (1) Tax Classification of LLC: The members of this LLC intend that this LLC be initially classified as a ____________________________ for federal and, if applicable, state income tax purposes. It is understood that all members may agree to change the tax treatment of this LLC by signing, or authorizing the signature of, IRS Form 8832, Entity Classification Election, and filing it with the IRS and, if applicable, the state tax department within the prescribed time limits.
TAX AND FINANCIAL PROVISIONS. (1) Tax Classification of LLC: The members of this LLC intend that this LLC be initially classified as a “disregarded entity” for federal and, if applicable, state income tax purposes.
TAX AND FINANCIAL PROVISIONS
