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business. Ginger's father was a contractor, and Ginger worked
for him during the summers. Ginger had no formal education past
high school. When Ginger completed high school, he began working
full time for his father. Ginger worked for other contractors
before starting his own masonry contracting business as a sole
proprietorship in 1978 with a capital investment of $500 and one
employee.
In September 1984, Ginger formed petitioner with a capital
investment of $15,000. Ginger and his wife, Toni S. Ginger (Mrs.
Ginger), owned equally all of petitioner's issued and outstanding
shares of stock. Ginger and Mrs. Ginger serve as petitioner's
board of directors. During the fiscal years ending 1985 through
1992, Ginger served as petitioner's president, and Mrs. Ginger
served as petitioner's corporate secretary. Mrs. Ginger had no
role with petitioner other than being a member of the board and
the corporate secretary.
Ginger quickly developed a reputation as an honest and
no-nonsense operator. Immediately after forming petitioner,
Ginger negotiated with vendors and asked them to help finance
petitioner's purchases. If petitioner was out of cash, Ginger
would call the owner of the creditor company, tell him that
petitioner could not pay the bill that month, and explain what
was being done to remedy the situation.
B. Ginger's Strategy When He Formed Petitioner
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