Log in

View Full Version : LLC Distributions


Gallred
Oct 3, 2007, 09:05 AM
What is the Equity section disclosure for LLC distributions to members?

Does the distribution need to be disclosed on a separate line item or combined against members capital?

jdeshayes
Oct 3, 2007, 05:36 PM
I would typically disclose it separately. If you lump it together, it may not make sense to someone looking at the return/financial statement.

Typically, you can just put - Distributions in the equity section and your accounting system will "lump" it after the close of the fiscal year.