Skip to main content

Capital Account Savings Clause

Book Publication Date: Feb 2014
Description: A tax allocation savings clause such as the example here may be used in an LLC operating agreement to ensure that the members' capital account balances track their fixed order of distribution priority as set forth in the operating agreement.
Type: Contract Clauses
PLI Item #: 61007
Practice Area: Partnership tax, Real estate, Real estate investment trusts, Real estate taxes, Tax, Tax planning and strategy

Keywords: "target allocations savings clause"; "capital account 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

Thank you for exploring PLI PLUS.
The content on this page is only available to subscribers.

To learn more about PLI PLUS subscriptions
please click on the link below or contact us at