[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR194.92]

[Page 1237]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--BUREAU OF ALCOHOL, TOBACCO AND FIREARMS, DEPARTMENT OF THE 
                                TREASURY
 
PART 194--LIQUOR DEALERS--Table of Contents
 
                         Subpart G--Partnerships
 
Sec. 194.92  Addition of partners or incorporation of partnership.

    Where a number of persons who have paid special tax as partners 
admit one or more new members to the firm or form a corporation (a 
separate legal entity) to take over the business, the new firm or 
corporation shall pay special tax before commencing business.

(72 Stat. 1340, 1343; 26 U.S.C. 5111, 5121)