Your client that has a Schedule C proprietorship and wants to convert to an S-Corporation....
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Your client that has a Schedule C proprietorship and wants to convert to an S-Corporation. Your client has equipment, inventory, building, cars and land that the client wants to transfer to the corporation. Do you see anything wrong with this? (Of course, you do or this wouldnt be a question would it). Explain what would and would not be transferred.
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