Common use of Tax Characterization and Returns Clause in Contracts

Tax Characterization and Returns. The Members acknowledge that the Company will be treated as a "partnership" for tax purposes. Within 90 days after the end of each fiscal year, the Chief Manager will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gain, or loss and credits for such fiscal year for federal or state income tax purposes.

Appears in 3 contracts

Samples: Member Control Agreement (Webdigs Inc), Member Control Agreement (Affinity Group Holding Inc), Member Control Agreement (Aoa Capital Corp)

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Tax Characterization and Returns. The Members acknowledge that the Company will be treated as a "partnership" for tax purposes. Within 90 days after the end of each fiscal year, the Chief Manager President will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gain, or loss and credits for such fiscal year for federal or state income tax purposes.

Appears in 2 contracts

Samples: Operating Agreement (Land O Lakes Inc), Operating Agreement (Land O Lakes Inc)

Tax Characterization and Returns. The Members acknowledge that the Company will be treated as a "partnership" for tax purposes. Within 90 days after the end of each fiscal year, the Chief Company Manager will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gain, or loss and credits for such fiscal year for federal or state income tax purposes.

Appears in 1 contract

Samples: Operating Agreement (Cenex Harvest States Cooperatives)

Tax Characterization and Returns. The Members acknowledge that the Company will be treated as a "partnership" for tax purposes. Within 90 60 days after the end of each fiscal year, the Chief Manager will cause to be delivered to each person Person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gaingain or loss, or loss and credits for such fiscal year for federal or state income tax purposes.

Appears in 1 contract

Samples: Member Control Agreement (Taylor Investment Corp /Mn/)

Tax Characterization and Returns. The Members acknowledge that the Company will shall be treated as a "partnership" for federal and state income tax purposes. Within 90 ninety (90) days after the end of each fiscal year, the Chief Manager will cause to be delivered Company shall deliver to each person who was a Member at any time during such fiscal year a Form K-1 K-l and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's ’s federal or state income tax (or information) returns, including a statement showing each Member's ’s share of income, gain, gain or loss and credits for such fiscal year for state or federal or state income tax purposes.

Appears in 1 contract

Samples: Operating Agreement (Multiband Field Services Inc)

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Tax Characterization and Returns. The Members acknowledge that the Company will be treated as a "partnership" for tax purposes. Within 90 days after the end of each fiscal year, the Chief Manager will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of incomeincome or loss, gain, or loss gain and credits for such fiscal year for federal or state income tax purposesyear.

Appears in 1 contract

Samples: Member Control Agreement (Elephant & Castle Group Inc)

Tax Characterization and Returns. The Members acknowledge that the Company will be treated as a "partnership" for tax purposes. Within 90 days after the end of each fiscal year, the Chief Manager Managing Member will cause to be delivered to each person Person who was a Member member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's ’s federal or state income tax (or information) returns, including a statement showing each Member's ’s share of income, gain, gain or loss and credits for such fiscal year for federal or state income tax purposes.

Appears in 1 contract

Samples: Operating Agreement (Auor Capital Fund v LLC)

Tax Characterization and Returns. The Members Member acknowledge that the Company will be treated as a "partnership" for tax purposes. Within 90 days after the end of each fiscal year, the Chief Manager will cause to be delivered to each person who was a Member at any time during such fiscal year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member's federal or state income tax (or information) returns, including a statement showing each Member's share of income, gain, or loss and credits for such fiscal year for federal or state income tax purposes.

Appears in 1 contract

Samples: Operating and Member Control Agreement (Land O Lakes Inc)

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