Capital Account Bookkeeping. A capital account shall be set up and maintained on the books of the LLC for each member. It shall reflect each member's capital contribution to the LLC, increased by each member's share of profits in the LLC, decreased by each member's share of losses and expenses of the LLC, and adjusted as required in accordance with applicable provisions of the Internal Revenue Code and corresponding income tax regulations.
Capital Account Bookkeeping. A Capital Account shall be set up and maintained on the books of River Edge for each Equity Member Household. The Capital Account shall reflect each Equity Member Household’s Capital Contribution to River Edge.
Capital Account Bookkeeping. As a single-member LLC this document reflects the member's capital contribution to the LLC. Once the trade secret based intellectual property is sold will documentation in accordance with applicable provisions of the Internal Revenue Code and corresponding income tax regulations be created. As only through the sale of the trade secret intellectual property will there be any transaction to keep records of.
