What is the test for establishing a corporation as a corporation?
MultiRegion, United States of America
The following excerpt is from Pacific Magnesium v. Westover, 86 F. Supp. 644 (S.D. Cal. 1949):
"The decisive question is whether the corporations were created to, or did, in fact, serve a recognizable business purpose." O'Neill v. Commissioner, 2 Cir., 1948, 170 F.2d 596, 598.
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