6
Pertinax was formed as a California general partnership in
January 1978. Pertinax keeps its books and records and reports
its income using the accrual method of accounting and a calendar
year. At the time of filing of Pertinax's petition, its
principal place of business was at the El Centro property. From
the time of its formation through 1987, Pertinax always had three
general partners that shared equally in income and made equal
capital contributions, and those partners are Edco, Alondra, and
UCIC.
All three petitioners--Alondra, Edco, and Pertinax--as well
as UCIC and UCII, are controlled by Mr. Munro and his family.
Mr. Munro's daughter Ms. Ross is the sole shareholder of Alondra.
Mr. Munro is the sole shareholder of Edco and UCII. Thus,
members of Mr. Munro's family directly or indirectly own all of
Pertinax's partners. Pertinax manages Alondra, Edco, and UCIC,
and Mr. Munro controls Pertinax's policies.
Business Background
Alondra and UCIC are insulation contractors, engaged
primarily in the sale and installation of insulation material in
buildings. Edco is engaged in leasing automobiles and trucks.
Pertinax provides marketing, management, and administrative
services to its partners.
4(...continued)
bankruptcy.
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