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In order for a resulting partnership to be considered a continuation of a merging or consolidating partnership, how much of the ownership (as measured by
In order for a resulting partnership to be considered a continuation of a merging or consolidating partnership, how much of the ownership (as measured by capital and profits interests) in the merging or consolidating partnership must be maintained?
A. | More than 80 percent | ||
B. | More than 50 percent | ||
C. | 20 percent or more | ||
D. | 50 percent or more |
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