- 3 -
place of business was Minonk, Illinois, at the time the petition
was filed.
Before January 1, 1993, Ronald Seggerman and his sons, Craig
Seggerman and Michael Seggerman, operated a grain and cattle farm
as a joint venture and reported their respective shares of income
and expenses from the farm operations on Schedule F, Profit or
Loss From Farming.
On March 19, 1993, Ronald Seggerman incorporated Seggerman
Farms. The stock of Seggerman Farms was distributed as follows:
100 preferred shares and 38 common shares to Ronald Seggerman,
4 common shares to Sally Seggerman, 30 common shares to Craig
Seggerman, 3 common shares to Linda Seggerman, and 25 common
shares to Michael Seggerman.
In early 1993, Ronald Seggerman, Craig Seggerman, and
Michael Seggerman transferred property to Seggerman Farms.
Ronald Seggerman transferred the following assets to Seggerman
Farms:
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011