A. Discuss the eligibility requirements and level of tax for each of the following entity types:

S Corporation

C Corporation

Partnership

Limited Liability Company

B. What is the control requirement of 351? Describe the effect of the following in satisfying this requirement:

A shareholder renders only services to the corporation for stock.

A shareholder renders services and transfers property to the corporation for stock.

A shareholder has only momentary control after the transfer.

A long period of time elapses between the transfers of property by different shareholders.