Re: [GNC] Bootstrapping and Company Ownership.

2019-01-16 Thread jason
Also, thank you too, Jean-David Beyer and Adrien Monteleone. I will seek for professional advice regarding this. Best regards, Jason. -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread Adrien Monteleone
This mailing list is not for official accounting or legal advice. It is for how to use GnuCash. (and help with any quirks, bugs, etc.) Everyone’s situation is different, influenced by their personal circumstance and their local laws. You should seek the advice of a *local* CPA and/or business

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread Jean-David Beyer
On 1/15/19 5:44 PM, jason wrote: > I will issue a common stock, but I am not eligible to own a legal entity > until 21 years old. It's a dillema, it does sound I loan capital to the > business as of right now. Is it okay to issue a common stock with par value > of $100. Although, I don't have a

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread Stephen M. Butler
On 1/15/19 2:44 PM, jason wrote: > I will issue a common stock, but I am not eligible to own a legal entity > until 21 years old. It's a dillema, it does sound I loan capital to the > business as of right now. Is it okay to issue a common stock with par value > of $100. Although, I don't have a

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread jason
I will issue a common stock, but I am not eligible to own a legal entity until 21 years old. It's a dillema, it does sound I loan capital to the business as of right now. Is it okay to issue a common stock with par value of $100. Although, I don't have a legal entity? -- Sent from:

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread Stephen M. Butler
On 1/15/19 2:26 PM, jason wrote: > As of right now, is it okay to record it under DB Cash and CR Paid-in > Capita:Jason ? OR should I use CR Common Stock:Jason acccount? In my Assets I have a placeholder account called LLC Companies.  Under that I have an account for each company that I own or

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread elvis
As of right now, is it okay to record it under DB Cash and CR Paid-in Capita:Jason ? OR should I use CR Common Stock:Jason acccount?  Did you issue common stock or is it a loan to the business from you? You really should speak to an accountant. -- -- See Jane. See the dog. See the dog

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread jason
As of right now, is it okay to record it under DB Cash and CR Paid-in Capita:Jason ? OR should I use CR Common Stock:Jason acccount? -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list

Re: [GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread Stephen M. Butler
On 1/15/19 2:11 PM, jason wrote: > 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

[GNC] Bootstrapping and Company Ownership.

2019-01-15 Thread jason
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