USA Startup Services

[Henryhg]

Hello everyone,

I have a question based on initial investment during the startup of an S-corp.

How would one account for startup services to a s-corp. If I did the bookkeeping and the accounting for an s-corp where I am 50% owner, would I be able to account for those services as my part of my initial investment.

 

[The Finance Writer]

Most states have minimum capitalization rules for entities incorporated in their jurisdictions and they usually allow shareholders to count the value of their services. But that's a legal issue and not an accounting matter. Check the rules for your state of incorporation.