Common use of No Partnership Intended for Non Clause in Contracts

No Partnership Intended for Non. Tax Purposes The Company was formed as a limited liability company under the Delaware Act and does not intend to form a partnership under any partnership or limited partnership act. The Manager does not intend to that the members be partners with each other or with any Third Party other than for federal and state income tax purposes. If any Member represents to another person that the Member or any other Member is a partner or that the Company is a partnership, the Member making the wrongful representation will be liable to any other Member who incurs personal liability because of the erroneous representation.

Appears in 2 contracts

Sources: Operating Agreement (Efund City Metro Income Fund LLC), Operating Agreement (Efund City Metro Income Fund LLC)