Dear all,
My friend is incorporating and moving all his assets which includes his inventory from his sole proprietorship to corporation.
I'm trying to see if inventory would be considered "property" in section 351.
Thank you for your help.
HenryDavid wrote:Yes , assuming by “inventory” you mean tangible property of the usual sort
Nilodop wrote:Or even intangible inventory, such as the digital type. Think off-the-shelf digital movies, books, computer programs.
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