💨IMPACT LEVEL 1 — MEH
Epstein File EFTA01186455: Large_file_1mb_plus, Construction and Recording (DS9)
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Similar to the previous document, this is a financial asset valuation text that describes methods for calculating 'Gross Asset Value'. The document provides technical details about how assets are valued for tax purposes, with specific provisions for initial asset contributions and valuation methods determined by company members and managers.
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Excerpt 1
Value using any reasonable method selected by the Manager with the Consent of
the Members.
1.14 "Gross Asset Value" means, with respect to any asset,
Excerpt 2
the asset's
adjusted basis for federal income tax purposes, except as follows:
(a)
The initial Gross Asset Value of any asset contributed by a Member
to
Excerpt 3
the Company shall be the gross fair market value of such asset, as determined
by the contributing Member and the Manager;
(b)
The Gross Asset Values of
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