Your business has some cash in the bank because you have been making your credit card payments from the money you are putting into the business. You do have a separate bank account for the business, right?
The cash in the bank is an asset. The credit card debt is a liability. If you paid for equipment you are not deducting as an expense, that would be an asset. The difference is the partner's (member's) equity.
Unless you are in a state that requires the balance sheet (TurboTax Business will tell you this), you can probably skip the balance sheet. You have to have revenue of at least $250,000 or assets of at least $1,000,000.
