mcwarren80
Sep 10, 2014, 06:41 AM
4 partners own an LLC. They all agree to buyout partners A's 25% stake for $50K. The 3 remaining partners (B,C&D) now have a 33.33% stake in the LLC. Can someone please help me with the JE's for this transaction?
How do I account for transferring A's Equity to B,C&D?
Thanks
MW
How do I account for transferring A's Equity to B,C&D?
Thanks
MW