Contributed capital account

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Part of stockholders' equity and it will have a credit balance. Contributed capital is also referred to as paid-in capital

What you want is 3 sets of equity accounts consisting of 4 accounts for each member
Member Overall Equity is a parent equity account that is never directly posted to but acts as a summing account for
<Member Equity
<Member Contributions
<Member Draw

You can nest these all under Owner Equity, to see the company picture at a glance if you wish

https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/for-llc-should-i-set-up-three-different-capital-accounts-under/00/187882

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  • 13 days ago by vince