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Laurel has equipment costing $100,000 and with a FMV of $1,000,000 that is forming a...

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Accounting

Laurel has equipment costing $100,000 and with a FMV of $1,000,000 that is forming a corporation and receiving 6,700 shares. Hardy, who agrees to render $500,000 in services over the next five years, is getting the remaining 3,300 shares. Any problems with this in Section 351 and if so, how do you fix?

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