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Many businesses may take part in a merger, but at the end of the day, there is only one survivor. The surviving entity owns all the assets, liabilities, and obligations of the companies that are party to the merger.
A surviving company is the entity that gains control of all net assets and operations after a business combination has been completed. The surviving company could be one of the entities originally entering into the business combination, or it could be an entirely new entity.
Hear this out loud PauseSurviving entity means the entity that will remain in existence after the merger is complete. Domestic entity means an entity that is formed under the laws of Colorado.
A merger is a combination of two or more business entities in which the assets and liabilities of all the entities are transferred to one, which continues in existence, while all the others cease to exist.
Merging means that one entity (the 'merge' entity) inherits the links from other entities that are transferred to it before the other entities are deleted. Only entities of the same type can be merged.