Business partners Tom Martin, Joe Watson, and Nancy Clemens decide to open a neighborhood fitness center called Fitness Haven. They have been discussing the idea for years and finally decided to take the leap and start the business.
The partners will combine money from their savings and take out a bank loan to finance the gym. They have agreed to forgo a salary or compensation for themselves and to not hire any employees until the business is financially stable.
You will start by setting up a new company file for Fitness Haven in QuickBooks Online. Next, you will enter transactions during the start-up phase for the first month (January).

2. Use the information below to create and set up the company file as of 1/1/20

Company: [Your Name] Fitness Haven LLC
Industry: Fitness and Recreational Sports Centers
Company Type: Partnership for the tax form (Form 1065)
Tax ID: 99-7654321
Legal Name: [Your Name] Fitness Haven LLC
Address: 2601 N Meadow Ln
Springfield, IA 68432
Country: U.S.
phone: 654-555-3476
email: fintesshaven@aol.com
Start Date: January 1, 2020