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LLC Tax Allocation Miscellaneous Sample Clauses


Book Publication Date: Feb 2013
Description: Sample clauses from LLC or partnership operating agreement regarding allocation of profits and losses for tax purposes.
Type: Contract Clauses
PLI Item #: 52200
Practice Area: Real estate, Real estate investment trusts, Real estate limited partnerships, Real estate taxes, Real estate transactions, Tax

Keywords: tax; operating agreement; LLC; limited liability company; general partnership; limited partnership; tax allocation; profit; loss; gain; disposition; capital accounts; minimum gain chargeback; qualified income offset; deficit; income characterization; mandatory allocation; nonrecourse; cash savings

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