A few comments related to the question:
- There are too few details to provide sufficient guidance
- There is no indication of what type of entity is being formed
- There is no indication of how many individuals are contributing property or $$
- There is no indication of vesting
- How was the value determined
- Regardless of the responses to the above, you need to have a one on one with a tax professional who can read the agreement, understand the responses to the above questions and ask any other questions that may come about during the discussion.
- Don't be penny wise and pound foolish. Meet with a tax professional.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
