I created a multi-member LLC with my friend mid 2017... we are now sharing her home office. We both were self-proprietors and are using our already depreciated computers (which were claimed years ago on our own individual schedule c's)
We are trying to create a balance sheet - but as far as adding the total assets of the company, and since the computers are several years old and already depreciated - do we need to add their value?
ALSO: we have no liabilities. We owe no debts. How do we deal with that on a balance sheet?
