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Target Allocations Savings Clause

Book Publication Date: Feb 2014
Description: A target allocations savings clause such as the one included here can be used in a partnership or LLC operating agreement to ensure that tax allocations cause the members' capital accounts to track their cash priorities.
Type: Contract Clauses
PLI Item #: 61006
Practice Area: Corporate law, Corporate tax, Partnership tax, Real estate, Real estate taxes, Tax

Keywords: "target allocations savings clause"; "forced allocation"; tax; income; loss; "capital accounts"; "cash priorities"; "adjusted tax basis"; "adjusted book basis"; "joint venture"; 'tax-exempt entities"; "REIT"; "LLC"; partnership

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