New LLC - Completing your Minutes
Hi BP members!
My husband and I just established our LLC. While filing out the necessary forms and paperwork I've been stumped on a particular item in our minutes regarding Capitol Contributions of the members.
Was anyone else confused on what to put in this field? We haven’t invested into any properties yet and the only cost or capitol we put up to start our business was what it cost to file and register ourselves with the Sate of CA. We plugged in with a company to help us understand how to stay compliant with our business but they only said this field varies per industry. I’m reaching out to all the BP members since I'm positive a large group of us have established business entities as well.
Do we consider the cost of filing our paperwork? What about any associations, sites or companies we are working with that we have paid for?
Please let me know if you have done this before or what I can do to lessen my confusion.
Thanks