Your government encourages the corporate form of business by providing for tax-free incorporations in many circumstances. For example, you could

form a new business as a corporation,

convert a proprietorship to a corporation, or

convert a partnership to a corporation.

And you could get all of these done tax-free. Section 351 of the tax code makes this happen when your incorporation qualifies for tax-free treatment.

You accomplish tax-free incorporation when you avoid the three common oversights or mistakes that could force you to pay what you would likely consider unexpected taxes. ... Log in to view full article.