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Shareholder Contributio

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Shareholder Contributions

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Jones, Mitchell, Carey, and Gorman are knowledgeable about landscape design. They have decided to pool their knowledge and resources to form Arrington Enterprises Inc., a C corporation. They will provide professional services to area businesses and homeowners. All participants expect to work full time for Arrington Enterprises, and each expects to contribute sufficient assets to become a $25\%$ shareholder with a total stock equity of $$50,000$ each.

In addition to the skills that each brings to the new entity, the owners will contribute assets that