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What is a unitary business group Specifically, the ruling discusses situations. The term “unitary business group” means a group of persons related through common ownership whose business activities are integrated with, dependent upon, and contribute to each other
In the case of a corporation, common ownership is defined as the direct or indirect ownership or control of more than 50 percent of the outstanding voting stock A group of related entities may satisfy the commonly controlled requirement of a unitary business if they are related in any of the following. A business conducted directly or indirectly by one corporation is unitary with that portion of a business conducted by another corporation through its direct or indirect interest in a partnership.
A business conducted directly or indirectly by one corporation is unitary with that portion of a business conducted by another corporation through its direct or indirect interest in a partnership
Means any corporation, company, limited liability company, partnership, joint venture, trust, unincorporated association or any other form of. (b) if a nonresident's business, trade or profession is conducted partly within and partly without the state, and the part within the state is so separate and distinct from and unconnected with the part without the state such that the respective business activities are not part of a unitary business, trade or profession, only the net income from the business, trade or profession within the.
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