Legal Question in Business Law in Illinois
Is redomestication considered a transfer of assets
When an IL corp. incorporates or redomesticates to DE, is it considered by IL to be a transfer of assets? Does DE, TX, NY, or CA consider it to be a transfer of assets?
Asked on 7/27/08, 11:58 pm
1 Answer from Attorneys
Patrick Tracy
Patrick J. Tracy, Esq, P.E.,
Re: Is redomestication considered a transfer of assets
This is not a simple question that can be answered in this forum. This analysis requires a tax memorandum prepared by a competent tax attorney. Seek counsel to work with you on this issue.
Patrick Tracy
Answered on 7/28/08, 3:24 am
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