A term used with partnerships and limited liability companies identifying the financial value of the respected partners or members. The basic formula is beginning balance plus contributed capital plus earnings less withdrawals.
The shareholder agreement lays out the rules of the relationship between the shareholders of a company. Most often the agreement is poorly written because the legal team fails to understand the business aspect of each […]
A ‘Capital Account’ is a term used in partnership and in limited liability company business formats. It refers to the individual balances in the equity section of the balance sheet. The basic formula for value […]