Question
A contributes property to X, a newly formed corporation, in exchange for 75 shares. As part of the same transaction, B contributes services to X
A contributes property to X, a newly formed corporation, in exchange for 75 shares. As part of the same transaction, B contributes services to X in exchange for 25 shares. Does section 351 apply to the contributions of A and B?
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Uniform Administrative Requirements Cost Principles And Audit Requirements For Federal Awards A Handbook For Institutions Of Higher Education And State And Local Governments
Authors: Andrew Shepard-Smith
1st Edition
1505298482, 978-1505298482
