Tax-free creation of corporation

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Section 351 allows the tax-free creation of a corporation, or, rather, the tax free contribution of money or property to a corporation in exchange for stock in that corporation. Is this really a "tax-free" provision or is it something else?

Reference no: EM1363626

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Tax-free creation of corporation : Section 351 allows the tax-free creation of a corporation, or, rather, the tax free contribution of money or property to a corporation in exchange for stock in that corporation.
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