Xyz Limited Liability Company Operating Agreement Page 19
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28business street address of each Member;
b.
A copy of the Articles of Organization and all Certificates of
Amendment to them;
c.
A copy of the Company's federal, state, and local income tax
returns and reports, for the three most recent years; and
d.
A copy of the Company's Operating Agreement.
8.4
Annual Statements. At the end of the year, the Managers shall cause the
Company's accountant to prepare a balance sheet setting forth the financial position of
the Company and a statement of operations (income and expenses) for that year. The
Managers shall make available to each Member a report of the financial position and
operations of the Company no later than ninety (90) days from the end of the fiscal year.
The report shall contain a financial report showing the Company's profit or loss for the
year and the allocation thereof among the Members, together with the applicable tax
information of the Company. Copies of all income tax returns filed by the Company
also shall be furnished to all Members upon request.
8.5
Member Objections. Each Member shall be deemed to have waived all
objections to any transaction or other facts about the operation of the Company
disclosed in the balance sheet, statement of operations and income tax returns unless he
or she shall have notified the Managers in writing of his or her objections within sixty
(60) days of the date on which each such document is mailed.
ARTICLE IX
DISSOLUTION OR TERMINATION OF THE COMPANY
9.1
Dissolution. The Company shall be dissolved upon the occurrence of any
of the following events:
a.
when the period fixed for the duration of the Company shall
expire;
b.
by the unanimous written agreement of all Members;
c.
the occurrence of an event which makes it unlawful for Company
business to be continued;
d.
the sale or disposition of all or substantially all of the Company
assets; or
e.
the Company is no longer able to engage in the purpose for which
it was created.
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