My own corporation's stock

[Anthony]

On Wed, Oct 21, 2009 at 6:58 AM, Don Quixote de la Mancha
<quixote at dulcineatech.com> wrote:
> I just incorporated my company, in California.

> There are two other members on the Board of Directors besides myself.
> I don't expect them to invest any of their own money into the company,
> but I do plan to pay them with some stock for being on the board.

> There is one other employee who is not a director, but whose labor
> will be paid for with stock.
>
> Because I didn't have a business checking account until today, I have
> been paying for business expenses out of my own personal funds.  My
> plan is for those personal expenses to be repaid with some more stock.

> So... how do I account for all this in GnuCash?

Stop right now and go talk to a tax professional.  You are creating a
huge mess and significant tax liabilities (for your corporation, for
yourself, for your fellow board members, and for your employee).

IAAA.