That's an interesting perspective I didn't consider. How would this look from the LLC's perspective. Would each sub-entity just send over it's rolled up expenses and income?
I do like that idea though... just need to work out in my mind how it would work since we're so wrapped together right now. For instance gsuit works for both businesses since we can direct to different domain names. Hosting for websites is on a multisite installation on a VPS so it's shared costs between the two, ditto to our phone system. I guess those could be just overhead at the llc level? thanks for your thoughts Rob BUT, there is another consideration for this particular situation, the > LLC owning several "businesses". You might want to sell one of the > businesses. So although perhaps a little more work, I would probably > opt for separate books. Of course the LLC itself would have a set of > books, each of these businesses being an "investment" (an investment in > a separate entity; though in this case not legally separate). > > That way the entire books of one of these "income streams" could be > shown to a prospective buyer. > > BTW, in my case I keep books for VIRTUAL entities. For example, I took > money and installed a solar system. I want to see how this is working > out as if it were an investment. Thus an entity (a virtual one) that > borrowed its capital from us, pays interest on the loan, pays off loan > principle, etc. Has some pseudo expenses like effect on my taxes (sale > of SRECs taxable) and effect on insurance premium, etc. Has pseudo > income like tax credits, portion of our electric bill we DON'T have to > pay, etc. > > > Michael D Novack > _______________________________________________ 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.
