Ben is incorporating his proprietorship and would like to transfer the following assets to the new corporation:
Ben wishes to defer all gains at this time so has elected to use a section 85 rollover. He will receive the maximum note receivable possible, and the
remainder of the transfer in preferred shares. Required:

Question

Ben is incorporating his proprietorship and would like to transfer the following assets to the new corporation:
  Ben wishes to defer all gains at this time so has elected to use a section 85 rollover. He will receive the maximum note receivable possible, and the
remainder of the transfer in preferred shares. Required:

Quizplus · Accepted Answer

The Answer of Ben is incorporating his proprietorship and would like to transfer the following assets to the new corporation:
  Ben wishes to defer all gains at this time so has elected to use a section 85 rollover. He will receive the maximum note receivable possible, and the
remainder of the transfer in preferred shares. Required:

Ben Is Incorporating His Proprietorship and Would Like to Transfer