Virginia Mergers & Acquisitions Questions & Answers

Q: I have recently been robbed of my gift tax inheitence. I have retrieved documents from the tax department recently.

1 Answer | Asked in Civil Litigation, Contracts, Mergers & Acquisitions and Tax Law for Virginia on
Answered on Dec 23, 2018
F. Paul Maloof's answer
This sounds like a criminal case. You need to call the federal or state prosecutors to make a complaint. I do not handle your type of case. Sorry.

Q: What constitutes voting shares in the eyes of the IRS?

1 Answer | Asked in Tax Law and Mergers & Acquisitions for Virginia on
Answered on Oct 12, 2016
Sean R Hanover's answer
Great question! In answer, a "voting share" refers to a class of shares, the possession of which entitled the bearer to vote on matters related to the corporation or organization. As such, you need to look at the corporate charter, or depending on the structure of an LLC, the operating agreement, to determine what class of shares (or units) have the right to vote.

Need help reviewing a charter to determine which class of shares can vote? Feel free to reach out to me directly at...

Q: Can two seperate corporations owned by the same people merge

1 Answer | Asked in Business Law and Mergers & Acquisitions for Virginia on
Answered on Jan 16, 2011
Paul A. Prados' answer
The assets and liabilities of two companies can be combined and continue in a one of the two companies. Or they can all be transferred to a new company. Under all circumstances there should be a formal transfer. One of you biggest problems is going to be contracts with third parties to prohibit assignment.

The owners need to do more than just wake up one day and act like the two companies are now the same company. If the two companies are worth continuing, it is worth hiring an...

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.