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Entity is a C corporation with only common stock, and Owner owns one-half of that common stock. Owner obtained her common stock by contributing $50,000
Entity is a C corporation with only common stock, and Owner owns one-half of that common stock. Owner obtained her common stock by contributing $50,000 to Entity. With regard to Owners $30,000 loan to Entity, the other stockholder of Entity has agreed in writing to repay his share of the loan proceeds ($15,000) if Entity does not do so.
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