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Want know how to best set up the owner equity account? Have a multi-member LLC with my wife and I as the only partners. All contributions to biz are from a joint account.
My understanding is that normally we would set the 2 of us up as separate vendors and have 2 separate owner equity accounts. However, since all of our contributions to the business will be from our joint personal account to our business checking, should we just set ourselves up as a single vendor (such as a vendor named something like "Owner 1 & Owner 2") and have just a single owner equity account?
