Good morning, Currently, I am learning to have a legal entity (I am 19 years old, 21 years old is the minimum legal age to have a legal entity). Which allows me to have access to Series A Funding and so on.
My goal is to use GnuCash to record Company Ownership. I am planning to bootstrap this company early (January, 2019) with $100,000. Thus, the journal entry 1. Cash DB $100,000 2. Paid-in Capital:Jason CR $100,000 *However, I have a question, how do you properly manage the Company Ownership?* By the time I reach 21 years old, I will register my company as legal entity. Thus, Series A Funding. I am willing to let go 20% of Company Ownership to an Invenstor or some Investors at $5,000,000 valuation (Cash DB $1,000,000). *How should I record this and what account should I make?* -Jason -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.