PatriciaV
Expert Alumni

Business & farm

If you contributed all your assets into the LLC, then the total value should appear on the balance sheet of the LLC. You would not pro-rate assets in any circumstance. If you paid all your expenses prior to moving to the LLC, then the LLC has no expenses for the month of operation. From the numbers you provided, you would have $10K of net income.
Fixed Assets $100,000
Owners Equity $110,000
Retained Earnings <$10,000>
Assets = Liabilities (if you have any) + Owners Equity + Retained Earnings
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