Cynthia and some associates want to form a corporation to develop and operate an industrial park. Cynthia

Question:

Cynthia and some associates want to form a to develop and operate an industrial park. Cynthia is to contribute the land, which has significantly appreciated in value. She would like to recognize some of this gain to offset losses from other sources. In view of the rules governing the application of § 351, what do you suggest?
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...