capital investment: In a multi member LLC how do I track capital investment of each member and yearly profit distributions to each member?
I recommend you have the following for owner/partner equity accounts (one set for each partner if a partnership)
owner/partner equity
owner/partner equity drawing – you record value you take from the business here
owner/partner equity investment – record value you put into the business here
profit distribution is up to you, after all these […]
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