Tax Classification. The Member intends that the Company be a disregarded entity for federal income tax purposes, in accordance with Treasury Regulation Section 301.7701-3(b)(1)(ii). All of the Profits and Losses of the Company shall be reported by the Member in accordance with such classification.
Appears in 23 contracts
Samples: Limited Liability Company Operating Agreement (Ncop Xi, LLC), Limited Liability Company Operating Agreement (Ncop Xi, LLC), Limited Liability Company Operating Agreement (NCOP II, Inc.)
Tax Classification. The Member intends that the Company be a disregarded entity for federal income tax purposes, in accordance with Treasury Regulation Section 301.7701-3(b)(1)(ii3(b)(ii). All of the Profits and Losses of the Company shall be reported by the Member in accordance with such classification.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Plaid Brothers Software, Inc.), Limited Liability Company Agreement (Plaid Brothers Software, Inc.), Limited Liability Company Agreement (Plaid Brothers Software, Inc.)
Tax Classification. The Member intends that the Company shall be treated as a "disregarded entity for federal income tax purposes, in accordance with entity" within the meaning of Treasury Regulation Regulations Section 301.7701-3(b)(1)(ii). All of the Profits 2(c)(2) for federal and Losses of the Company shall be reported by the Member in accordance applicable state income tax purposes and will file its tax returns consistent with such classificationtreatment.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Tax Classification. The Member intends that the Company shall be treated as a “disregarded entity entity” within the meaning of Treasury Regulations Section 301.7701- 2(c)(2) for federal and applicable state income tax purposes, in accordance with Treasury Regulation Section 301.7701-3(b)(1)(ii). All of the Profits purposes and Losses of the Company shall be reported by the Member in accordance will file its tax returns consistent with such classificationtreatment.
Appears in 1 contract
Samples: Business Combination Agreement and Plan of Reorganization (RedBall Acquisition Corp.)
