Startup investments

USA Discussion in 'General Accountancy Discussion' started by Mary_corporation, Feb 15, 2017.

  1. Mary_corporation

    Mary_corporation

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    If a company gives some shares to an investor (and it is confirmed in investment agreement), and this investor gives some money to the authorities of the company in cash, without putting on company's bank account, and the money is spent on behalf of the company, should the authorities provide any varifications of expenditures?
    - Are receipts enough, and who is authorized to take such actions on behalf of the company?
     
    Mary_corporation, Feb 15, 2017
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