Article 79 - Maintenance of Accounting Records

Every LLC shall keep proper accounting Records with respect to all sums of money received and expended by the LLC and all sales and purchases of goods and services and other transactions by the LLC and the assets and Liabilities of the LLC. Such accounting Records, shall be sufficient to show and explain all transactions by the LLC and must be such as to:

(1) disclose with reasonable accuracy the financial position of the LLC at any time; and
(2) enable the directors to ensure that any accounts prepared by the LLC comply with the requirements of these Regulations.