Question
Anton, Bettina, and Caleb formed Cage Corporation. Each individual transferred properties valued at $10,000 each to Cage. Cage issued 1,000 shares each to Anton, Bettina,
Anton, Bettina, and Caleb formed Cage Corporation. Each individual transferred properties valued at $10,000 each to Cage. Cage issued 1,000 shares each to Anton, Bettina, and Caleb. Before the exchange, Anton PREARRANGED to sell his stock to Darla as soon as he receives it. Does Section 351 apply to this corporate formation event?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
