If you set up your chart of accounts ... some of the accounts to include are asset, expense and income accounts. LLCs should include an owner equity account for each member of the corporation.

A: There is no universal approach for setting up an equity pool for an LLC. However, there are a few standard best practices that should guide your decision making. Here are the top three ...

First, an LLC ... accounts are excluded, but your other assets could be tapped). If you hold property inside the LLC, there are additional upfront and ongoing costs, as you have to pay to set up ...

QuickBooks helps you accomplish this task. You need to set up a capital equity account to track your initial investment, regardless of whether its in the form of cash, equipment or expenses that ...