Jim Burroughs emailed “Great Show!! How does a newbie physically record all that transpires in the LLC?”
Couple of ways. A good set of books (I recommend QuickBooks Pro & sell a course on how to use it with RE) reflects the financial history of the company - how much was spent, how much earned, amount invested, amount paid to investors, etc. Minutes are a written summary of any official meetings of the company, usually attended by officers, shareholders/members and board of directors/managers, if any. Resolutions are essentially a request by company officers to the owners/board to engage in unusual or large transactions - with the company Operating Agreement/By-Laws defining what is unusual or large. I usually say anything over $10,000 is large or unusual, unless the company itself is quite large, in which case I up the threshhold.
John Hyre