Thank you very much for that information. I've consulted a tax professional, that part is handled.
Regarding setting up accounts I made some headway.
I was wondering if you would take a look to check what I did so far?
If not, no worries..
I created a few (equity) accounts: one is "Bank" and "Shareholder Capital"
and then a sub account "Shareholder Contributions".
When recording the deposit, in the "Received From" field……
Does my name go there since it coming out of my personal bank account or
should that be the bank name (American Savings)?
