Have Tax Questions? Ask a Tax Expert for Answers ASAP
Can you give me an example of what I can put? If its not too much. I would re-write this as a question, but then it would get locked as a duplicate because their system does watch out for double posts. Thanks Richard, just anything simple will work, you dont mind.
Back in the purposes section in Article 1, make the following change...
(a) Purposes. The Company shall engage solely in the business of (i) drilling two oil and gas wells upon that certain site pursuant to that certain Oil and Gas Lease attached hereto as Exhibit "_" ("Lease") (the Lease and the two wells to be drilled by the Partnership being defined as the "Project") , and (ii) such other activities as are related to or incidental to the foregoing.