I have a situation where an existing business has been purchased by my new employer. The new owners have a new LLC so we’re starting a new company in QB rather than taking over the old one. The new owners paid for the deposit on the business as well as the first fees for insurance out-of-pocket, as the business loan got delayed and didn’t arrive by the closing date. How is the reimbursement for that handled? Does that fall under equity? I still don’t understand equity fully.
We do have an actual accountant available to us but he’s not responded to our emails.