Bart Posted April 8, 2014 Report Share Posted April 8, 2014 How do you treat the ending capital balance when a sub s corp ends operations? Quote Link to comment Share on other sites More sharing options...
ljwalters Posted April 8, 2014 Report Share Posted April 8, 2014 I have the same question, I have both a S Corp and a LLC final this year. Waiting for your answers Bart Quote Link to comment Share on other sites More sharing options...
jasdlm Posted April 8, 2014 Report Share Posted April 8, 2014 Is the capital account positive? If so, wouldn't you adjust it for any liabilities and then distribute what is remaining? What assets are left? I might be thinking about this way too simply. Quote Link to comment Share on other sites More sharing options...
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