Ibf fund liquidating llc

The letter also states that “the amount and timing of future payments will fluctuate” as the company”s assets are sold.

The anomaly is corporate dissolution without liquidation.A fine line exists between definitions of a corporate liquidation and dissolution.But for tax purposes, the defining line can make a big difference.Company management, however, was blissfully unaware of this development and continued to file the business’s federal corporate income tax return and pay all federal income taxes.Eventually, company officers learned of their plight and reincorporated the business in the same state.

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