How Do You Calculate Capital Account for LLC? Understanding Capital Accounts and Contributions

Generally speaking, capital is an asset as it represents a company’s ability to generate future income. However, there are circumstances where capital can become a liability. Owner’s Capital Owner’s Capital Formula = Total Assets – Total Liabilities. Profits can go into the capital account. Creating and Maintaining Capital Accounts Creating a capital account involves recording … Read more

When Did Pawn Stars Get Cheated? Legal Troubles and Scandals

Pawn Stars star Rick Harrison is facing some legal trouble coming from his mother, Joanne. She filed suit against her son over the alleged mishandling of a family trust, valuables, ownership shares of their company, and other investments. In 2016, Austin "Chumlee" Russell had his home raided by police investigating a sexual assault complaint. While … Read more

What’s the Best Skateboard Size?

Factors Influencing Skateboard Size A small skateboard is 7.5 to 8 inches wide. A mid-size is 8 to 8.5 inches wide. A large-size is 8.5 inches wide or more. Generally, a wider deck is more stable to ride than a narrow deck. Size Guidelines for Choosing a Skateboard Use the size chart to pick your … Read more