Formation of rosa corporation

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Reference no: EM13991839

Shirley and Roseann form Rosa Corporation with each contributing assets and cash in exchange for all of the corporation's stock. Shirley and Roseann each own 50% of the stock immediately after the exchange. Shortly thereafter, Shirley sells all her stock to Don per a written agreement executed before the formation of Rosa Corporation. Prepare a memorandum discussing the effect of this prearranged agreement.

Reference no: EM13991839

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