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any other formative corporate documents identified the initial shareholders of the corporation. -1995, Kirk filed the tax returns for Tedco. On those tax forms, he indicated that no person owned more than 50 percent of Tedco. under Louisiana corporation law. Caraway, Judge placed upon the consideration for shares, other than cash consideration, shall be conclusive, see La. R.S. 12:52(D). circumstantial and otherwise, reveals that both Clayton and Kirk contributed in the commencement of the affairs of the business enterprise. clearly wrong in determining that Clayton owned a portion of the corporation from the beginning of the business. for an ownership position in the corporation. shares, he is obligating himself to perform-specifically, to do something for the corporation. services, the subsequent rendering of those services validated the issuance of the shares. existing corporate ownership occurred, as Kirk's and Clayton's contributions to Tedco occurred together at the initiation of the commercial venture. between the shareholders, we find that a determination of equal ownership under the facts of this case is not manifestly erroneous. Judgment affirmed in favor of Patsy Tedeton, Deborah Davis and Pamela Savage