The tribes new LLC Act Passed in December 2006. Federico's, Royal Scandinavian Inn, McCormix Gas Station will be held under this new LLC. This is not a traditional LLC. This is a Tribal LLC.
"The LLC shall be exempt from all federal or state income taxes or other impositions to the same extent as the tribe."
“The LLC shall have and enjoy the Tribe’s sovereign immunity from unconsented suits and other legal process and claims, together with all other rights and privileges arising from tribal sovereignty, to the fullest extent that the Tribe enjoys sovereign immunity and the rights and privileges of tribal sovereignty.
- The Santa Ynez Band of Chumash Indians Limited Liability Company Act . . .
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