Newco

Corporation Tax - Other Corporate Events - Formation
... They transfer the assets of the business to Newco, a newly formed Delaware corporation of which they are the sole shareholders, subject to accrued liabilities of the business in exchange ... this transfer does not cause tax to John, Mary, or Newco ... If on the other hand Newco also assumes a bank loan in excess of the basis of the assets transferred less the accrued liabilities, John and Mary will recognize taxable gain for such excess ...

Tymshare - History - BTNA Sold/split Into MCI, Concert, and BT - MCI, NewCo, Concert
... In 1993 BT and MCI Communications (MCI) negotiated what they called the "Deal of the Century", where MCI would take ownership of the U.S.-based portions of Tymnet and they would create a joint venture called "Concert" ... (The joint venture was called "NewCo" for more than a year while they decided on a name) ...

Tymnet - History - Sold To MCI, Concert - MCI, NewCo, Concert
... The joint venture was called "NewCo" for more than a year while they decided on a name.) Concert was also aligned with another acquisition of BT, called Syncordia which was headquartered ...

New Co
... NewCo or Newco is a generic name for proposed corporate spin-off, startup, or subsidiary companies before they are assigned a final name, or to proposed merged companies to ... In a handful of cases the new company may retain the name "Newco" ...

Corporate Tax In The United States - Other Corporate Events - Formation
... They transfer assets of the business to Newco, a newly formed Delaware corporation of which they are the sole shareholders, subject to accrued liabilities of the business ... This transfer should not generally cause gain or loss recognition for John, Mary, or Newco ... Newco assumes John and Mary's tax basis in the assets it acquires ...