Custom Chrome, Inc. and Subsidiaries v. CIR

BVLaw
Full Text of Court Cases
September 2, 1998
3751 Motorcycles, Bicycles, and Parts
336991 Motorcycle, Bicycle, and Parts Manufacturing
federal taxation

Custom Chrome, Inc. and Subsidiaries v. CIR
T.C. Memo. 1998-317
US
Federal Court
United States Tax Court
Swift

Summary

The Tax Court determined that a non-compete agreement executed in connection with a leveraged buyout of a motorcycle company by a M&A firm had economic reality since the firm would not have completed the transaction without the non-compete, and because th ...
Custom Chrome, Inc. and Subsidiaries v. CIR
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See Also

Original Issue Discount and Noncompete Agreement Considered in Connection With an LBO

The Tax Court determined that a noncompete agreement executed in connection with a leveraged buyout of a motorcycle company by a M&A firm had economic reality since the firm would not have completed the transaction without the noncompete.