What are the statutory requirements of Section 351? What is the definition of control under Section 351?

Question:

What are the statutory requirements of Section 351?

What is the definition of control under Section 351?

Why does Congress require shareholders to control a corporation to receive a preferential tax treatment?

When might a taxpayer not want to meet the requirements of Section 351?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...