New Limited Company Chart Of Accounts

New Limited Liability Company

New Limited Liability Company

I have set up a new Limited Company.

Where on the chart of accounts would I put personal money and goods that I contributed to the company to start it up?

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May 25, 2018
Limited Liability Company
by: Stephanie

Thank you for your question about how to account for the money you put into your new limited liability company.

The money you put into your LLC can be accounted for by setting up a Contribution equity account that can keep track of all of the personal money and goods/assets you have contributed.

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