💨IMPACT LEVEL 1 — MEH
Epstein File EFTA01364163: Asset (DS10)
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The document provides a technical definition of 'Gross Asset Value', outlining methods for calculating asset values for tax and investment purposes. It describes how initial asset values are determined, including considerations for fair market value and contributions by members.
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Value using any reasonable method selected by the Consent of the Members.
1.14 "Gross Asset Value" means, with respect to any asset, the asset's
adjusted
Excerpt 2
basis for federal income tax purposes, except as follows:
(a) The initial Gross Asset Value of any asset contributed by a Member
to the Company shall
Excerpt 3
be the gross fair market value of such asset, as determined
by the contributing Member and the Manager;
(b) The Gross Asset Values of all Company assets
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