The Willens Reportsm

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Spin-Off Flunks Continuity Of Interest Requirement
October 29, 2026
X corporation, ("X"), has been engaged for more than five years in the active conduct of a liberal arts college. All of the stock of X is owned equally by two shareho...

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Recent Reports

Transferee Liability "In Equity" Not Established
October 29, 2026
RBR was a single-member limited liability company, ("LLC") formed by APP on August 13, 2014. Effective January 1, 2017, RBR elected to be classified as a corporation....
Shareholders Could Not Deduct Corporate Theft Losses
October 29, 2026
Appellants are both doctors. Appellants formed a California corporation, "CCMC," in 1983. On October 7, 2009, DR filed a report w...
Merger Consideration To Be Reduced By Pre-Closing Special Dividend
October 29, 2026
Ares Capital Corporation, ("ARCC"), and MidCap Financial Investment Corporation, ("MFIC), are each business development companies and are each taxable as regulat...
LGN Will Be Distributing "Unwanted Assets" To Its Shareholders
October 28, 2026
Ovintiv, Inc. ("OVV") and Logan Energy Corporation, ("LGN"), are each Canadian corporations. OVV and LGN recently annou...