small starting business - initial sell of shares, capital raised and related questions

[Krokodill Geena]

>
> Honestly, Mike's advice (to get an accountant) is REALLY on target. It sounds to me as if you're in over your head, and frankly, unless you like litigation and tax authority audits, then you'd be well advised to be well-advised. By a professional.
>
> David

Who told you I do not have an accountant?
Accountant will not tell me how gnucash works. This is what I am
asking from you guys: how can this "case" be resolved in gnucash?

Here is the original question:

Hi
I need some help with the following setup

1) Small business starts out with 0 EUR (all accounts are empty)
2) "Shares" of get issued and N investors buy the shares - lets say
total of 10 000 shares, 1 EUR per share
3) Equipment is purchased with the money received from 2)

We need to keep track of how many "shares" are issued (there will be
more shares issued, if there is need for additional capital)
We do not care who has how many shares - something else is used for this

My question is, what is the correct way to set this up in gnugash?
I am new to gnucash so please keep it simple but detailed enough so I
can set up the accounts properly :)

Here is what I did

I attempted to resolve this little "problem" by setting up following accounts:

Equity:Share Capital*

(* Share capital or capital stock (US English) refers to the portion
of a company's equity that has been obtained (or will be obtained) by
trading stock to a shareholder for cash or an equivalent item of
capital value. For example, a company can issue shares in exchange for
computer servers, instead of purchasing the servers with cash.)

Assets:Current Assets:BusinessAccount (renamed form Checking because
nobody uses cheques over here and I never actually seen one in my
life, except in a american movie)

Everything started to look good but there is still one small problem.
We know, how much cash each one of us has deposited as initial startup
capital (and received a share in co) but there is no way to track how
many total "shares" are actually issued.

What if I set up a Assets:Investments:XYZ and enter number of shares
with 0 EUR per share?
Will this start causing problems down the road and mess up our
reporting at some later date?