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Business & farm
i purchased 100% membership interest from partner A and B. I was not a partner previously.
Section 754 is mentioned in the purchase agreement in the allocation of purchase price. it reads, "pursuant to section 754 of the IRS code, the allocation of the purchase price is as follows......with the purchase price divided among the following categories (FFE, Goodwill, Covenant not to compete, inventory and supplies, Franchise fee)
March 12, 2020
4:14 AM