 The six characteristics are: (1) Associates; (2) An objective to carry on business and divide the gains therefrom; (3) Continuity of life; (4) Centralization of management; (5) Liability for corporate debts limited to corporate property; and (6) Free...  Tax Reform Proposals: Corporate Taxation - Page 53by United States. Congress. House. Committee on Ways and Means - 1985 - 75 pagesFull view - About this book
 | United States. Internal Revenue Service - 1962 - 786 pages
...characteristics, it must file a Form 1120 and be taxed as a corporation: 1. Has associates; 2. Has an objective to carry on business and divide the gains therefrom; 3. Has continuity of life; 4. Has centralization of management; 5. Has its debts limited to its property;... | |
 | United States. Internal Revenue Service - 1974 - 624 pages
...corporation section 301.7701-2 of the regulations describes the characteristics of corporations and includes: (1) associates, (2) an objective to carry on business...(4) centralization of management, (5) liability for corporate debts limited to corporate property, and (6 free transferability of interests. The first... | |
 | United States. Internal Revenue Service - 1977
...Procedure and Administration Regulations describes the characteristics of corporations which include: corporate debts limited to corporate property, and (6) free transferability of interests. Section 301.7701-2(a)(3)... | |
 | United States. Tax Court - 1967 - 1032 pages
...set forth in section 301.7701-2, Proced. & Admin. Regs., petitioner clearly had four of them, being (1) associates, (2) an objective to carry on business and divide the gains therefrom (although not necessarily for joint profit, as discussed above), (3) continuity of life, and (4) free... | |
 | United States. Tax Court - 1983 - 1248 pages
...(1935), section 301.7701-2(aXD, Proced. & Admin. Regs., enumerates six major corporate characteristics: (1) Associates, (2) an objective to carry on business...(4) centralization of management, (5) liability for corporate debts limited to corporate property, and (6) free transferability of interests. The regulation... | |
 | United States. Congress. Joint Committee on Taxation - 1978 - 514 pages
...ordinarily found in a "pure" corporation which, taken together, distinguish it from other organizations. These characteristics are : (1) associates, (2) an objective to carry on business and divide gains therefrom, (3) continuity of life, (4) centralization of management, (5) liability for corporate... | |
 | 1961 - 764 pages
...corporations. The characteristics of such an organization are that it must: (1) have associates; (2) have an objective to carry on business and divide the gains therefrom; (3) have continuity of life; (4) have centralization of management; (5) limit its liability for corporate... | |
 | United States. Tax Court - 1983 - 1250 pages
...(1935), section 301.7701-2(aXD, Proced. & Admin. Regs., enumerates six major corporate characteristics: (1) Associates, (2) an objective to carry on business...(4) centralization of management, (5) liability for corporate debts limited to corporate property, and (6) free transferability of interests. The regulation... | |
 | 1983 - 28 pages
...a number of principal characteristics which generally distinguish corporations from other entities. These characteristics are: (1) associates, (2) an objective to carry on business, (3) continuity of life, (4) centralization of management, (5) limited liability, and (6) free transferability... | |
 | United States. Congress. Senate. Committee on Finance - 1984 - 690 pages
...under Section 7701 are baaed on the listing of corporate characteristics addressed in Morrissey. Those characteristics are: 1. Associates, 2. An objective...4. Centralization of management, 5. Liability for corporate debt limited to coporate property, and 6. Free transfer ability of interests. Case law, regulations... | |
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