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Business & farm
I do have a couple of other questions if you could assist further:
When adding the new partner TT asks for:
1) Last Years ending capital balance -- should that be the actual capital balance from the previous year or the balance at the time of the buyout?
2) Cash member contributed to the LLC -- I assume this means specifically contributions made after the buyout, correct?
3) Where exactly does the TT account for the actual buyout amount?
When adding the new partner TT asks for:
1) Last Years ending capital balance -- should that be the actual capital balance from the previous year or the balance at the time of the buyout?
2) Cash member contributed to the LLC -- I assume this means specifically contributions made after the buyout, correct?
3) Where exactly does the TT account for the actual buyout amount?
‎June 4, 2019
5:54 PM