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Seed Investment and Balance Sheet Equity reportng for Start Up

Hello, I am the first accountant for a start-up company that was incorporated Jan 10
and had a question regarding stock options and the legal fees incurred related to Seed Series Funding. How do you report the seed financing on the balance sheet?

Should the legal fees be expensed or offset to the Additional PIC capital account? The company has already issued common stock ( 3 founders and has one VC investor).

Any advice on this topic would be greatly appreciated.

Answers

Anonymous
(Office Ops Manager) |
154 views

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