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

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Answered on 7/28/08, 3:24 am


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