At this point, it remains unclear whether the partners and partnership intend to report the incorporation
as a tax-deferred transaction under Sec.
But he said in recent Los Angeles County incorporations
, such as West Hollywood, Calabasas and Malibu, LAFCO did not approve the transfer of any assets from the county to the new city except for the streets.
More than a dozen communities in Shelby County filed for incorporation
, lest they be swallowed by nearby Memphis.
Washburn said his battles date to the birth of the first incorporation
passed last year's level during the second week of this month.
A total of 12,471 incorporations
were registered with the California Secretary of State's Office during the third quarter, said CDB Infotek President Rick Rozar.
9 percent gain in new businesses in California with 48,301 new incorporations
registered with the Secretary of State's Office.
For this discussion, a tax-free incorporation
includes all transfers of property to a corporation, in exchange for its stock, by one or more persons who control the corporation immediately after that exchange.