More Tax Free Merger Questions

Technical topics regarding tax preparation.
#1
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21-Jul-2014 11:12am
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Fort Mill, SC
Hello,

We have a client who called us this morning relating to a tax free merger they are supposed to close on today. Love the advance notice.

LLC taxed as S-Corp with two 50/50 owners who have employees with restricted stock. They are merging into a new entity. The restricted stock employees are to be redeemed as part of the transaction. The question I am trying to verify, does the redemption of the restricted stock taint the tax free merger related to the continuity of ownership or any other way?


Disregard the question, attorney just called and said the whole plan is changing. I am not sure how to delete the post though as it is not relevant unless anyone else wants to just discuss the topic.
 

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