1. Regulations
  2. title 27
  3. chapter I
  4. part 31
  5. subpart H
  6. subjgrp 547
  7. § 31.122

View all text of Subjgrp 547 [§ 31.121 - § 31.125]

§ 31.122 - Incorporation of business.

Where an individual or a firm engaged in business requiring registration under this part forms a corporation to take over and conduct the business, the corporation, as a separate legal entity, must register in its own name as a new business.

(26 U.S.C. 5124)

AUTHORITY: 26 U.S.C. 5001, 5002, 5121, 5122-5124, 5131, 5132, 5206, 5207, 5273, 5301, 5352, 5555, 5603, 5613, 5681, 5687, 6061, 6065, 6071, 6091, 6103, 6109, 6723, 6724, 7805.

SOURCE: T.D. TTB-79, 74 FR 37407, July 28, 2009, unless otherwise noted.

CITE AS: 27 CFR 31.122