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In 2012, Verizon created a Delaware limited liability company named Verizon Pennsylvania LLC. Verizon Pennsylvania, Inc., a Pennsylvania corporation, was then legally merged into the Delaware-based LLC. [2] The company's headquarters in Philadelphia are shared with Verizon Delaware, an arrangement that has existed since the Bell System existed.
One possible solution may be to form a new corporation and merge into it, dissolving the LLC and converting into a corporation. Many jurisdictions—including Alabama, California, Kentucky, Maryland, New York, Pennsylvania, Tennessee, and Texas—levy a franchise tax or capital values tax on LLCs. In essence, this franchise or business ...
The Consolidated Rail Corporation (Conrail) was formed on April 1, 1976 not by a standard merger, but as a new government corporation that took over only designated lines and other rail-related assets from the existing bankrupt companies. Seven major companies were included:
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In February 2015, Iberdrola USA announced that it had entered into a merger agreement with UIL Holdings Corporation under which UIL Holdings Corporation would merge into a subsidiary of Iberdrola USA, Inc. In December 2015, the acquisition was finalized and the company announced a new name, AVANGRID. [6] [7]
Agere Systems, Inc. was an integrated circuit components company based in Allentown, Pennsylvania. Spun out of Lucent Technologies in 2002, Agere was merged into LSI Corporation in 2007. [1] LSI was in turn acquired by Avago Technologies in 2014. In early 2016, Avago acquired the former Broadcom Corporation, and took on the name Broadcom Inc.
Partnership. C corporation. S corporation. Formation. Business license (and possible a “doing business as” (DBA), depending on your state), partnership agreement not required but recommended
Pennsylvania Governor Josh Shapiro said on Tuesday that he cannot support Nippon Steel's bid to buy U.S. Steel in its current form because the United Steelworkers union is unhappy with the merger.