Larson v. A. W. Larson Construction Co.

In October, 1945, A. W. Larson and Floyd E. Johnson entered into an oral partnership agreement to engage in commercial building and construction contracting in Seattle. The partners did business under the name of A. W. Larson Construction Co.

On March 29, 1946, they organized a corporation having the same objects and purposes, and using the same name (hereinafter referred to as the corporation). The incorporators were Larson and Johnson and their respective wives. Larson and Johnson each subscribed for two hundred forty-nine shares of the five hundred shares of authorized capital stock, and…