Want to incorporate a new or existing business — and do it tax-free!
Then Section 351 of the tax code is for you!
You see, thanks to Section 351 you can…
- Form a new business as a corporation
- Convert a proprietorship to a corporation
- Convert a partnership to a corporation
We’ll show you how Section 351 can save you money and avoid problems when you read my new article titled Tax Tips: Incorporate Your Business Tax-Free? Avoid Three Problems!
Three ways our fact-filled article can help you:
- We’ll tell you the requirements the law says you need to meet. To qualify under Section 351, you must exchange “property” for stock and be in control of your corporation immediately after the exchange. How does Uncle Sam define “property”? We’ll give you all the details, plus a lot more important information, when you read the full article.
- We’ll explain the tax consequences of using a Section 351 exchange. When you transfer property for stock, you need to know the six important tax implications of your actions. We’ll list them for you when you read the full article.
- You’ll learn three ways to avoid owing taxes. Be careful! If you make any of three mistakes when conducting a 351 transfer, you could wind up owing Uncle Sam a bundle. We’ll tell you how to stay out of trouble when you read the full article.