Tax risk. TAG MEX acknowledges that the LLC is a "pass through" -------- entity and as such, TAG MEX will be directly taxed on TAG MEX's allocable share of the LLC's profits regardless of whether distributions are made to TAG MEX.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group), Limited Liability Company Operating Agreement (Tarrant Apparel Group), Limited Liability Company Operating Agreement (Tarrant Apparel Group)
Tax risk. TAG MEX acknowledges that the LLC is a "pass through" -------- entity and as such, TAG MEX will be directly taxed on TAG MEX's allocable share of the LLC's profits regardless of whether distributions are made to TAG MEX.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Tarrant Apparel Group)
