Statutory Merger

August 25, 2024 4 min read Definitions

Consolidation: An Overview of Type A Reorganization

Finance Economics Consolidation Reorganization Statutory Merger Corporations Tax

Detailed explanation of Consolidation as a Type A reorganization, where two or more corporations combine into a new corporation, including tax implications and historical context.

August 25, 2024 3 min read Definitions

Libson Shops Doctrine: Supreme Court Limitation on Net Operating Loss Carryover

Law Taxation Supreme Court Net Operating Loss Carryover Statutory Merger Continuity of Enterprise

The Libson Shops Doctrine refers to a Supreme Court ruling that limits the survival of net operating loss carryovers after a statutory merger, based on the continuity of enterprise theory.

August 25, 2024 3 min read Definitions

Statutory Merger: Legal Combination of Corporations

Law Business Statutory Merger Corporate Law Mergers and Acquisitions Legal Entities Business Combinations

A statutory merger is a legal combination of two or more corporations where only one corporation survives as a legal entity. It differs from statutory consolidation, where all companies involved cease to exist, and a new entity is created.