How a Foundation Can Operate Through a Holding Company Without Violating the Excess Business Holding Rules
Author: Staff Editors.
Source: Volume 04, Number 03, March/April 2005 , pp.11-11(1)
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Abstract:
Foundations are limited in their ability to acquire and hold business interests. A series of recent rulings demonstrates an important exception to that limitation. In PLRs 200448049 through 200448051, a group of investors (including several foundations) acquired stock in a newly formed Delaware corporation (“HC”).Keywords:
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