4.1. JFC SR 01-30-2018 - Laserfiche WebLink

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relevant to the Company's affairs. Pursuant to Treasury Regulation on 301.7741r3(a), the Manager elects -- solely for purposes of federal taxation--to have the Company'disregarded as a separate entity which would otherwise be required to file a separate tax return, The Company will or will not secure a separate taxpayer identification number at the discretion of the�nager; and, all items of income and lass attributable to the Company will be reported upon such forams and schedules as the Manager may select or develop, V INVOLUNTARY ASSIGNMENTS OR TRANSFERS Only trona-fide purchasers of the Member's interest in the.-Company may qualify as authorized recipients of said interest and thus act as a Member in the Coxnpa nr w No unauthorized recipient or assignee shall have any right to interfere or participate in the management or administration of the Company's business or affairs, to require any information regarding,or on account of the Company's !,slt1 transactions, or to inspect the Company's books. q VI ©EA'iII,DI SOLUTI�'fN,INCAI'ACTTY Upon the dearth,incapacity; or dissolution of the Member, the Company shall not dissolve or terminate--unless the Member"s successors in interest elect to discontinue the business of the Conip any within ninety(90) days following such death., etc. o:alfl16 affin native decision to discontinue,the Company will dissolve and wind up its affairs;the assets of the Company will be distributed pursuant to Article VTI of this operating agreement. "VII DISTRIBUTIONS UPON TERMINATION,0FT,HE COMPANY" Upon the termination of the Company, the Manager(or,4.special liquidator appointed by the Manager), ,shall(a) cause the assets of the.Company to be liquidated and distributed in an orderly and business-like manner so as not to involve undue sacrifice; .and(b)"establish such reserves as may be appropriate for any contingent or unforeseen liabilities of the Company. If, following a sale of I Company assets, the only asset held by the Company is a pronussory vote or nates or other contractual rights to receive payment for the assets sold, then in the absolute discretion of the Manager or the liquidator, the Company may either continue in existence for the purpose of collecting the notes, or dissolve and ten inate and assign, the note or notes to the Mernber who shall collect the note personally.. COPyright 2oo5,The Legal Protection,Group,.Y,L,C.