From dbdc8e671ff500c719b6e8637a8b95b39675c722 Mon Sep 17 00:00:00 2001
From: Stephen Waits <steve@waits.net>
Date: Sun, 11 Oct 2026 21:01:31 -0700
Subject: [PATCH] =?UTF-8?q?feat:=20entity-aware=20owner=20equity=20?=
 =?UTF-8?q?=E2=80=94=20chart=20templates,=20draws,=20distributions,=20divi?=
 =?UTF-8?q?dends?=
MIME-Version: 1.0
Content-Type: text/plain; charset=UTF-8
Content-Transfer-Encoding: 8bit

Every business has owners, and how owners put money in and take it out
depends on what the business is. wanderbooks now knows the four common
US shapes:

- books.chart_template {entity_type, owners}: a starter chart for a sole
  proprietorship (owner's capital and draws), partnership or
  multi-member LLC (capital and distributions per partner, guaranteed
  payments), S corporation (stock, APIC, shareholder distributions,
  officer compensation, retained earnings) or C corporation (dividends,
  income tax expense), plus common income and expense accounts with
  tax categories, and the wanderbooks.toml settings that go with it
  (tax form, members with equal-share placeholders that sum to exactly
  100, close target). A proposal for the agent to review with the human.
- Closing: CloseTo is now RetainedEarnings { sweep }, Account { into,
  sweep } (a sole proprietor's capital) or Members([MemberClose { capital,
  share, distributions }]). Sweeps zero owner-pay equity accounts into
  their target at close: draws into owner's capital, dividends or
  distributions into retained earnings, each partner's distributions
  into their own capital. Validation (equity, distinct, shares sum to 1)
  runs in the pre-close preview, before anything is journaled. The
  journal records the target; journals with no target or the old
  "retained_earnings" string still replay.
- Members' equity: a partner's distributions account is part of their
  capital; its activity reports as distributions.
- Config: members' distribution_account; [books] close_into and
  close_sweep for single-owner businesses (rejected alongside members).
  The cash flow names members on their distribution accounts too.

Tests: a sole proprietor (net 2,000 and 500 of draws into capital: 6,500,
the cash); a corporation (dividends 300 into retained earnings: 600); a
partnership with distribution accounts (Bob 100 + 25 - 20 = 105, swept at
close, February begins there); bad sweep accounts; templates round-trip
through the chart parser, unique codes, equity per entity, every tax
category valid for the entity's return; stdio: template -> settings ->
import -> postings -> close with the exact closing lines.

Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com>
Claude-Session: https://claude.ai/code/session_01MtYEaR6M6Ybdhm6X98BWNu
---
 crates/ledger-core/src/ledger.rs       | 303 ++++++++++-------
 crates/ledger-core/src/lib.rs          |   2 +-
 crates/ledger-core/src/periods.rs      |  39 ++-
 crates/ledger-core/src/reports.rs      |  45 ++-
 crates/ledger-core/tests/statements.rs | 227 ++++++++++++-
 crates/ledger-import/src/lib.rs        |   2 +
 crates/ledger-import/src/report.rs     |  11 +-
 crates/ledger-import/src/templates.rs  | 432 +++++++++++++++++++++++++
 crates/ledger-mcp/src/company.rs       |  34 +-
 crates/ledger-mcp/src/server.rs        |  92 +++++-
 crates/ledger-mcp/src/types.rs         |  25 ++
 crates/ledger-mcp/tests/mcp_stdio.rs   | 114 ++++++-
 crates/ledger-store/src/store.rs       |  79 +++--
 crates/ledger-store/tests/store.rs     |  13 +-
 docs/mcp-interface.md                  |  17 +-
 docs/requirements.md                   |   7 +-
 plan/STATUS.md                         |   8 +
 17 files changed, 1277 insertions(+), 173 deletions(-)
 create mode 100644 crates/ledger-import/src/templates.rs

diff --git a/crates/ledger-core/src/ledger.rs b/crates/ledger-core/src/ledger.rs
index 2921115..5f3dcba 100644
--- a/crates/ledger-core/src/ledger.rs
+++ b/crates/ledger-core/src/ledger.rs
@@ -634,108 +634,113 @@ impl Ledger {
 
     /// Close a period into Retained Earnings: see [`Self::close_period_to`].
     pub fn close_period(&mut self, id: PeriodId) -> Result<Option<EntryId>, LedgerError> {
-        self.close_period_to(id, &periods::CloseTo::RetainedEarnings)
+        self.close_period_to(id, &periods::CloseTo::RetainedEarnings { sweep: vec![] })
     }
 
     /// Close a period. This:
     /// 1. Rejects if the period is already closed, if any draft is dated
-    ///    inside it, or if a later period is already closed (closing out of
-    ///    order would sweep the same income twice).
+    ///    inside it, if a later period is already closed (closing out of
+    ///    order would sweep the same income twice), or if `to` is invalid.
     /// 2. Posts a closing entry dated at period end that zeroes every revenue
     ///    and expense account's balance *as of the period end* (entries
-    ///    dated after it stay open for their own period): revenue debited,
-    ///    expense credited, and the net to `to` — Retained Earnings (account
-    ///    `3999`, created if missing), or members' capital accounts by
-    ///    share for a partnership, to the cent with the last member
-    ///    absorbing rounding.
+    ///    dated after it stay open for their own period), puts the net in
+    ///    `to`'s target, and zeroes `to`'s sweep accounts (draws,
+    ///    distributions, dividends) into their target too:
+    ///    - `RetainedEarnings`: account `3999`, created if missing.
+    ///    - `Account`: one equity account (a sole proprietor's capital).
+    ///    - `Members`: each member's capital account gets their share of
+    ///      the net, to the cent (the last absorbs rounding), and their own
+    ///      distribution account.
     /// 3. Marks the period closed.
     ///
     /// Returns the closing entry's id, or `None` if there was nothing to
-    /// close (no revenue/expense balance at period end).
+    /// close.
     pub fn close_period_to(
         &mut self,
         id: PeriodId,
         to: &periods::CloseTo,
     ) -> Result<Option<EntryId>, LedgerError> {
-        self.preview_close_period(id)?;
-        if let periods::CloseTo::Members(members) = to {
-            self.validate_close_members(members)?;
-        }
+        self.preview_close_period_to(id, to)?;
         let period = self.periods.get(&id).expect("previewed").clone();
+        let (closings, net) = self.income_closings(period.end);
 
-        // Revenue and expense balances as of the period end.
-        let mut closings: Vec<(AccountId, Side, Decimal)> = Vec::new();
-        let mut accounts: Vec<_> = self.chart.all().collect();
-        accounts.sort_by(|a, b| a.code.cmp(&b.code));
-        for account in accounts {
-            if !matches!(
-                account.account_type,
-                AccountType::Revenue | AccountType::Expense
-            ) {
-                continue;
+        // (account, amount to credit; negative debits): the net to its
+        // targets, and each sweep account's balance into its target.
+        let mut equity: Vec<(AccountId, Decimal)> = Vec::new();
+        let mut sweep_lines: Vec<(AccountId, AccountId, Decimal)> = Vec::new();
+        let mut sweep = |from: AccountId, into: AccountId, this: &Self| {
+            // An equity balance (credit-normal) is −movement; zeroing it
+            // moves exactly that much into the target.
+            let balance = -this.movement_through(from, period.end);
+            if !balance.is_zero() {
+                sweep_lines.push((from, into, balance));
             }
-            let movement = self.movement_through(account.id, period.end);
-            if movement.is_zero() {
-                continue;
+        };
+        match to {
+            periods::CloseTo::RetainedEarnings { sweep: accounts } => {
+                let has_work = !closings.is_empty()
+                    || accounts
+                        .iter()
+                        .any(|a| !self.movement_through(*a, period.end).is_zero());
+                if has_work {
+                    let re = self.retained_earnings_account()?;
+                    equity.push((re, net));
+                    for a in accounts {
+                        sweep(*a, re, self);
+                    }
+                }
+            }
+            periods::CloseTo::Account {
+                into,
+                sweep: accounts,
+            } => {
+                equity.push((*into, net));
+                for a in accounts {
+                    sweep(*a, *into, self);
+                }
+            }
+            periods::CloseTo::Members(members) => {
+                let shares: Vec<Decimal> = members.iter().map(|m| m.share).collect();
+                for (m, part) in members.iter().zip(periods::allocate(net, &shares)) {
+                    equity.push((m.capital, part));
+                    if let Some(d) = m.distributions {
+                        sweep(d, m.capital, self);
+                    }
+                }
             }
-            // To zero the account: post the opposite of its net movement.
-            let (side, amount) = if movement > Decimal::ZERO {
-                (Side::Credit, movement)
-            } else {
-                (Side::Debit, -movement)
-            };
-            closings.push((account.id, side, amount));
         }
 
-        let closing_entry = if closings.is_empty() {
+        let closing_entry = if closings.is_empty() && sweep_lines.is_empty() {
             None
         } else {
-            // Net income: the closing debits (revenue) minus credits (expense).
-            let net: Decimal = closings
-                .iter()
-                .map(|(_, side, amount)| match side {
-                    Side::Debit => *amount,
-                    Side::Credit => -*amount,
-                })
-                .sum();
-            let targets: Vec<(AccountId, Decimal)> = match to {
-                periods::CloseTo::RetainedEarnings => {
-                    let re_id = match self.chart.find_by_code(periods::RETAINED_EARNINGS_CODE) {
-                        Some(a) => a.id,
-                        None => self.add_account(
-                            periods::RETAINED_EARNINGS_CODE,
-                            "Retained Earnings",
-                            AccountType::Equity,
-                            None,
-                            false,
-                        )?,
-                    };
-                    vec![(re_id, net)]
-                }
-                periods::CloseTo::Members(members) => {
-                    let shares: Vec<Decimal> = members.iter().map(|(_, s)| *s).collect();
-                    members
-                        .iter()
-                        .map(|(a, _)| *a)
-                        .zip(periods::allocate(net, &shares))
-                        .collect()
-                }
-            };
             let entry = self.create_entry(period.end, &format!("Close period {}", period.name));
-            for (account, side, amount) in closings {
-                self.add_line(entry, account, side, Money::new(amount, self.base_currency))?;
-            }
-            // Profit credits equity; a loss debits it.
-            for (account, share) in targets {
-                if share.is_zero() {
-                    continue;
+            let post = |this: &mut Self, account, credit: Decimal| -> Result<(), LedgerError> {
+                if credit.is_zero() {
+                    return Ok(());
                 }
-                let (side, amount) = if share > Decimal::ZERO {
-                    (Side::Credit, share)
+                let (side, amount) = if credit > Decimal::ZERO {
+                    (Side::Credit, credit)
                 } else {
-                    (Side::Debit, -share)
+                    (Side::Debit, -credit)
                 };
-                self.add_line(entry, account, side, Money::new(amount, self.base_currency))?;
+                this.add_line(entry, account, side, Money::new(amount, this.base_currency))
+            };
+            for (account, side, amount) in closings {
+                let credit = if side == Side::Credit {
+                    amount
+                } else {
+                    -amount
+                };
+                post(self, account, credit)?;
+            }
+            for (account, share) in equity {
+                post(self, account, share)?;
+            }
+            // A sweep zeroes the source (opposite its balance) and moves
+            // the balance into the target.
+            for (from, into, balance) in sweep_lines {
+                post(self, from, -balance)?;
+                post(self, into, balance)?;
             }
             self.post_entry(entry)?;
             Some(entry)
@@ -747,24 +752,88 @@ impl Ledger {
         Ok(closing_entry)
     }
 
-    /// Members for a close: shares positive and summing to 1, capital
-    /// accounts distinct equity accounts.
-    fn validate_close_members(&self, members: &[(AccountId, Decimal)]) -> Result<(), LedgerError> {
-        let total: Decimal = members.iter().map(|(_, s)| *s).sum();
-        if members.is_empty()
-            || total != Decimal::ONE
-            || members.iter().any(|(_, s)| *s <= Decimal::ZERO)
-        {
-            return Err(LedgerError::InvalidMembers(format!(
-                "member shares must be positive and sum to 1, got {total}"
-            )));
+    /// Revenue and expense balances as of `end` as closing lines (code
+    /// order), and the net income they carry (revenue debits minus expense
+    /// credits).
+    fn income_closings(&self, end: NaiveDate) -> (Vec<(AccountId, Side, Decimal)>, Decimal) {
+        let mut closings = Vec::new();
+        let mut accounts: Vec<_> = self.chart.all().collect();
+        accounts.sort_by(|a, b| a.code.cmp(&b.code));
+        for account in accounts {
+            if !matches!(
+                account.account_type,
+                AccountType::Revenue | AccountType::Expense
+            ) {
+                continue;
+            }
+            let movement = self.movement_through(account.id, end);
+            if movement.is_zero() {
+                continue;
+            }
+            // To zero the account: post the opposite of its net movement.
+            closings.push(if movement > Decimal::ZERO {
+                (account.id, Side::Credit, movement)
+            } else {
+                (account.id, Side::Debit, -movement)
+            });
+        }
+        let net = closings
+            .iter()
+            .map(|(_, side, amount)| match side {
+                Side::Debit => *amount,
+                Side::Credit => -*amount,
+            })
+            .sum();
+        (closings, net)
+    }
+
+    fn retained_earnings_account(&mut self) -> Result<AccountId, LedgerError> {
+        Ok(
+            match self.chart.find_by_code(periods::RETAINED_EARNINGS_CODE) {
+                Some(a) => a.id,
+                None => self.add_account(
+                    periods::RETAINED_EARNINGS_CODE,
+                    "Retained Earnings",
+                    AccountType::Equity,
+                    None,
+                    false,
+                )?,
+            },
+        )
+    }
+
+    /// Validate a close target: every account an equity account, targets
+    /// and sweeps distinct, members' shares positive and summing to 1.
+    fn validate_close_to(&self, to: &periods::CloseTo) -> Result<(), LedgerError> {
+        let mut accounts: Vec<AccountId> = Vec::new();
+        match to {
+            periods::CloseTo::RetainedEarnings { sweep } => accounts.extend(sweep),
+            periods::CloseTo::Account { into, sweep } => {
+                accounts.push(*into);
+                accounts.extend(sweep);
+            }
+            periods::CloseTo::Members(members) => {
+                let total: Decimal = members.iter().map(|m| m.share).sum();
+                if members.is_empty()
+                    || total != Decimal::ONE
+                    || members.iter().any(|m| m.share <= Decimal::ZERO)
+                {
+                    return Err(LedgerError::InvalidMembers(format!(
+                        "member shares must be positive and sum to 1, got {total}"
+                    )));
+                }
+                for m in members {
+                    accounts.push(m.capital);
+                    accounts.extend(m.distributions);
+                }
+            }
         }
         let mut seen = std::collections::BTreeSet::new();
-        for (a, _) in members {
-            let account = self.chart.get(*a).ok_or(LedgerError::UnknownAccount(*a))?;
-            if account.account_type != AccountType::Equity || !seen.insert(*a) {
+        for a in accounts {
+            let account = self.chart.get(a).ok_or(LedgerError::UnknownAccount(a))?;
+            if account.account_type != AccountType::Equity || !seen.insert(a) {
                 return Err(LedgerError::InvalidMembers(format!(
-                    "capital account {} must be a distinct equity account",
+                    "close account {} must be a distinct equity account",
                     account.code
                 )));
             }
@@ -787,16 +856,23 @@ impl Ledger {
         total
     }
 
-    /// Pure pre-close check for journaling stores: verifies that
-    /// [`Self::close_period`] would succeed — the period exists and is open,
-    /// no draft entries are dated inside it, and the closing entry's date
-    /// (period end) is not inside another closed period — and returns the id
-    /// the closing entry will receive, or `None` when the close posts no
-    /// entry (no revenue/expense movement). [`Self::close_period`] repeats
-    /// these checks before mutating; this exists so stores can journal the
-    /// outcome before mutating, keeping a failed write from leaving a
-    /// journal line behind.
+    /// [`Self::preview_close_period_to`] closing into Retained Earnings.
     pub fn preview_close_period(&self, id: PeriodId) -> Result<Option<EntryId>, LedgerError> {
+        self.preview_close_period_to(id, &periods::CloseTo::RetainedEarnings { sweep: vec![] })
+    }
+
+    /// Pure pre-close check for journaling stores: verifies that
+    /// [`Self::close_period_to`] would succeed — the period exists and is
+    /// open, no draft entries are dated inside it, no later period is
+    /// closed, the closing date isn't inside another closed period, and the
+    /// target is valid — and returns the id the closing entry will receive,
+    /// or `None` when the close posts no entry. Stores call this before
+    /// journaling so a failed close leaves no journal line behind.
+    pub fn preview_close_period_to(
+        &self,
+        id: PeriodId,
+        to: &periods::CloseTo,
+    ) -> Result<Option<EntryId>, LedgerError> {
         let period = self
             .periods
             .get(&id)
@@ -825,16 +901,23 @@ impl Ledger {
         {
             return Err(LedgerError::CloseOutOfOrder(id, later.id));
         }
-        // The close posts an entry exactly when some revenue or expense
-        // account has a balance at period end — the same predicate
-        // close_period_to uses to decide. The entry id is the next one the
-        // allocator hands out; account creation (e.g. Retained Earnings)
-        // does not consume entry ids.
-        let any_movement = self.chart.all().any(|a| {
-            matches!(a.account_type, AccountType::Revenue | AccountType::Expense)
-                && !self.movement_through(a.id, period.end).is_zero()
-        });
-        Ok(any_movement.then_some(self.next_entry_id))
+        self.validate_close_to(to)?;
+        // An entry posts exactly when there is income to close or a sweep
+        // account with a balance. Account creation (Retained Earnings) does
+        // not consume entry ids.
+        let (closings, _) = self.income_closings(period.end);
+        let sweeps: Vec<AccountId> = match to {
+            periods::CloseTo::RetainedEarnings { sweep }
+            | periods::CloseTo::Account { sweep, .. } => sweep.clone(),
+            periods::CloseTo::Members(members) => {
+                members.iter().filter_map(|m| m.distributions).collect()
+            }
+        };
+        let any = !closings.is_empty()
+            || sweeps
+                .iter()
+                .any(|a| !self.movement_through(*a, period.end).is_zero());
+        Ok(any.then_some(self.next_entry_id))
     }
 
     // ------------------------------------------------------------------
diff --git a/crates/ledger-core/src/lib.rs b/crates/ledger-core/src/lib.rs
index d6a831f..03f9c6a 100644
--- a/crates/ledger-core/src/lib.rs
+++ b/crates/ledger-core/src/lib.rs
@@ -44,7 +44,7 @@ pub use journal::{EntryId, EntryStatus, JournalEntry, JournalLine};
 pub use ledger::{Ledger, ReconciliationReport, UnclearedLine};
 pub use money::{Currency, Money};
 pub use payroll::{PayrollLine, PayrollRun, PayrollRunId};
-pub use periods::{CloseTo, Period, PeriodId, PeriodStatus, RETAINED_EARNINGS_CODE};
+pub use periods::{CloseTo, MemberClose, Period, PeriodId, PeriodStatus, RETAINED_EARNINGS_CODE};
 pub use reports::{
     BalanceSheet, BalanceSheetStatement, CashFlowLine, CashFlowParams, CashFlowStatement,
     ClassProfitAndLoss, GeneralLedger, LedgerAccount, LedgerPosting, MemberCapital,
diff --git a/crates/ledger-core/src/periods.rs b/crates/ledger-core/src/periods.rs
index 6cf1c97..e081d5c 100644
--- a/crates/ledger-core/src/periods.rs
+++ b/crates/ledger-core/src/periods.rs
@@ -29,16 +29,41 @@ pub enum PeriodStatus {
     Closed,
 }
 
-/// Where a period close puts the period's net income.
+/// Where a period close puts the period's net income, and which owner
+/// accounts (draws, distributions, dividends) it zeroes into equity too.
 #[derive(Clone, Debug, PartialEq)]
 pub enum CloseTo {
-    /// One Retained Earnings account ([`RETAINED_EARNINGS_CODE`]): the
-    /// corporate convention.
-    RetainedEarnings,
-    /// Members' capital accounts, by share (shares sum to 1): the
+    /// The Retained Earnings account ([`RETAINED_EARNINGS_CODE`], created if
+    /// missing): the corporate convention. `sweep` lists dividend or
+    /// distribution accounts to close into it.
+    RetainedEarnings {
+        /// Equity accounts zeroed into Retained Earnings.
+        sweep: Vec<crate::AccountId>,
+    },
+    /// One equity account, e.g. a sole proprietor's capital, with `sweep`
+    /// (e.g. the owner's draws) zeroed into it.
+    Account {
+        /// The equity account receiving the net.
+        into: crate::AccountId,
+        /// Equity accounts zeroed into it.
+        sweep: Vec<crate::AccountId>,
+    },
+    /// Members' capital accounts by share (shares sum to 1): the
     /// partnership convention, where each member's capital account carries
-    /// their allocated earnings.
-    Members(Vec<(crate::AccountId, rust_decimal::Decimal)>),
+    /// their allocated earnings and absorbs their distributions.
+    Members(Vec<MemberClose>),
+}
+
+/// One member in a partnership close.
+#[derive(Clone, Debug, PartialEq)]
+pub struct MemberClose {
+    /// The member's capital account.
+    pub capital: crate::AccountId,
+    /// Their share of net income.
+    pub share: rust_decimal::Decimal,
+    /// Their distributions account, zeroed into their capital, if they
+    /// have one.
+    pub distributions: Option<crate::AccountId>,
 }
 
 /// Split `amount` by `shares` to the cent; the last share absorbs rounding,
diff --git a/crates/ledger-core/src/reports.rs b/crates/ledger-core/src/reports.rs
index bfe8ed1..dcc4f4d 100644
--- a/crates/ledger-core/src/reports.rs
+++ b/crates/ledger-core/src/reports.rs
@@ -671,6 +671,10 @@ pub struct MemberCapital {
     /// Their capital account (equity): contributions credit it,
     /// distributions debit it.
     pub capital_account: crate::AccountId,
+    /// Their distributions account (contra-equity), if distributions are
+    /// recorded there rather than directly against capital. Part of their
+    /// capital on every statement; zeroed into capital at close.
+    pub distribution_account: Option<crate::AccountId>,
     /// Share of income, e.g. 0.5. The shares must sum to exactly 1.
     pub share: Decimal,
 }
@@ -738,15 +742,17 @@ pub fn members_equity(
     }
     let mut seen = BTreeSet::new();
     for m in members {
-        let account = ledger
-            .chart()
-            .get(m.capital_account)
-            .ok_or(LedgerError::UnknownAccount(m.capital_account))?;
-        if account.account_type != AccountType::Equity || !seen.insert(m.capital_account) {
-            return Err(LedgerError::InvalidMembers(format!(
-                "{}: capital account {} must be a distinct equity account",
-                m.name, account.code
-            )));
+        for id in std::iter::once(m.capital_account).chain(m.distribution_account) {
+            let account = ledger
+                .chart()
+                .get(id)
+                .ok_or(LedgerError::UnknownAccount(id))?;
+            if account.account_type != AccountType::Equity || !seen.insert(id) {
+                return Err(LedgerError::InvalidMembers(format!(
+                    "{}: account {} must be a distinct equity account",
+                    m.name, account.code
+                )));
+            }
         }
     }
     let day_before = start.pred_opt().ok_or(LedgerError::InvalidDateRange {
@@ -788,11 +794,28 @@ pub fn members_equity(
         }
         (credits, debits)
     };
+    // A member's capital is their capital account plus their distributions
+    // account (a debit balance, so it reduces capital).
     let capital: Vec<Decimal> = members
         .iter()
-        .map(|m| capital_before(m.capital_account))
+        .map(|m| {
+            capital_before(m.capital_account)
+                + m.distribution_account.map_or(Decimal::ZERO, capital_before)
+        })
+        .collect();
+    // (contributions, distributions): credits to capital are
+    // contributions; debits to capital and net debits to the distributions
+    // account are distributions.
+    let flow: Vec<(Decimal, Decimal)> = members
+        .iter()
+        .map(|m| {
+            let (credits, debits) = flows(m.capital_account);
+            let (dc, dd) = m
+                .distribution_account
+                .map_or((Decimal::ZERO, Decimal::ZERO), flows);
+            (credits, debits + dd - dc)
+        })
         .collect();
-    let flow: Vec<(Decimal, Decimal)> = members.iter().map(|m| flows(m.capital_account)).collect();
 
     // Everything in equity that isn't a capital account is partnership
     // earnings not yet distributed: allocate it by share.
diff --git a/crates/ledger-core/tests/statements.rs b/crates/ledger-core/tests/statements.rs
index 4066eee..6b0c969 100644
--- a/crates/ledger-core/tests/statements.rs
+++ b/crates/ledger-core/tests/statements.rs
@@ -413,11 +413,13 @@ fn partnership(close_january: bool) -> (Ledger, Vec<MemberCapital>) {
         MemberCapital {
             name: "Alice".into(),
             capital_account: alice,
+            distribution_account: None,
             share: half,
         },
         MemberCapital {
             name: "Bob".into(),
             capital_account: bob,
+            distribution_account: None,
             share: half,
         },
     ];
@@ -603,7 +605,11 @@ fn a_partnership_closes_into_members_capital() {
     let to = ledger_core::CloseTo::Members(
         members
             .iter()
-            .map(|m| (m.capital_account, m.share))
+            .map(|m| ledger_core::MemberClose {
+                capital: m.capital_account,
+                share: m.share,
+                distributions: None,
+            })
             .collect(),
     );
     let jan = l.create_period("2026-01", d(1, 1), d(1, 31)).unwrap();
@@ -659,9 +665,226 @@ fn a_partnership_closes_into_members_capital() {
 
     // Shares must still add up.
     let feb = l.create_period("2026-02", d(2, 1), d(2, 28)).unwrap();
-    let bad = ledger_core::CloseTo::Members(vec![(members[0].capital_account, cents("0.5"))]);
+    let bad = ledger_core::CloseTo::Members(vec![ledger_core::MemberClose {
+        capital: members[0].capital_account,
+        share: cents("0.5"),
+        distributions: None,
+    }]);
     assert!(matches!(
         l.close_period_to(feb, &bad),
         Err(LedgerError::InvalidMembers(_))
     ));
 }
+
+fn entry_lines(l: &Ledger, id: ledger_core::EntryId) -> Vec<(String, Side, Decimal)> {
+    l.get_entry(id)
+        .unwrap()
+        .lines()
+        .iter()
+        .map(|x| {
+            (
+                l.chart().get(x.account).unwrap().code.clone(),
+                x.side,
+                x.amount.amount,
+            )
+        })
+        .collect()
+}
+
+#[test]
+fn a_sole_proprietor_closes_net_income_and_draws_into_capital() {
+    let mut l = Ledger::new(Currency::USD);
+    let cash = l
+        .add_account("1000", "Cash", AccountType::Asset, None, false)
+        .unwrap();
+    let capital = l
+        .add_account("3000", "Owner's Capital", AccountType::Equity, None, false)
+        .unwrap();
+    let draws = l
+        .add_account("3100", "Owner's Draws", AccountType::Equity, None, false)
+        .unwrap();
+    let sales = l
+        .add_account("4000", "Sales", AccountType::Revenue, None, false)
+        .unwrap();
+    let rent = l
+        .add_account("6000", "Rent", AccountType::Expense, None, false)
+        .unwrap();
+    post(&mut l, d(1, 2), "Owner invests", cash, capital, 5_000);
+    post(&mut l, d(1, 10), "Sales", cash, sales, 3_000);
+    post(&mut l, d(1, 15), "Rent", rent, cash, 1_000);
+    post(&mut l, d(1, 20), "Owner draw", draws, cash, 500);
+    let jan = l.create_period("2026-01", d(1, 1), d(1, 31)).unwrap();
+    let to = ledger_core::CloseTo::Account {
+        into: capital,
+        sweep: vec![draws],
+    };
+    let closing = l.close_period_to(jan, &to).unwrap().unwrap();
+    // Net 2,000 to capital; the 500 of draws zeroed into capital.
+    assert_eq!(
+        entry_lines(&l, closing),
+        [
+            ("4000".to_string(), Side::Debit, dec(3_000)),
+            ("6000".to_string(), Side::Credit, dec(1_000)),
+            ("3000".to_string(), Side::Credit, dec(2_000)),
+            ("3100".to_string(), Side::Credit, dec(500)),
+            ("3000".to_string(), Side::Debit, dec(500)),
+        ]
+    );
+    let bs = balance_sheet_as_of(&l, d(1, 31)).unwrap();
+    // 5,000 + 2,000 − 500 = 6,500, which is exactly the cash.
+    assert_eq!(bs.equity, vec![line("3000", "Owner's Capital", 6_500)]);
+    assert_eq!(bs.total_assets, dec(6_500));
+    assert_eq!(bs.current_earnings, Decimal::ZERO);
+}
+
+#[test]
+fn a_corporation_closes_dividends_into_retained_earnings() {
+    let mut l = Ledger::new(Currency::USD);
+    let cash = l
+        .add_account("1000", "Cash", AccountType::Asset, None, false)
+        .unwrap();
+    let stock = l
+        .add_account("3000", "Common Stock", AccountType::Equity, None, false)
+        .unwrap();
+    let dividends = l
+        .add_account("3200", "Dividends Paid", AccountType::Equity, None, false)
+        .unwrap();
+    let sales = l
+        .add_account("4000", "Sales", AccountType::Revenue, None, false)
+        .unwrap();
+    post(&mut l, d(1, 2), "Stock issued", cash, stock, 1_000);
+    post(&mut l, d(1, 10), "Sales", cash, sales, 900);
+    post(&mut l, d(1, 25), "Dividend", dividends, cash, 300);
+    let jan = l.create_period("2026-01", d(1, 1), d(1, 31)).unwrap();
+    let to = ledger_core::CloseTo::RetainedEarnings {
+        sweep: vec![dividends],
+    };
+    l.close_period_to(jan, &to).unwrap();
+    let bs = balance_sheet_as_of(&l, d(1, 31)).unwrap();
+    // Retained earnings: 900 earned − 300 paid out.
+    assert_eq!(
+        bs.equity,
+        vec![
+            line("3000", "Common Stock", 1_000),
+            line("3999", "Retained Earnings", 600)
+        ]
+    );
+    assert!(bs.balanced());
+}
+
+#[test]
+fn partner_distribution_accounts_roll_into_capital() {
+    let mut l = Ledger::new(Currency::USD);
+    let cash = l
+        .add_account("1000", "Cash", AccountType::Asset, None, false)
+        .unwrap();
+    let cap_a = l
+        .add_account("3000", "Capital — Alice", AccountType::Equity, None, false)
+        .unwrap();
+    let cap_b = l
+        .add_account("3001", "Capital — Bob", AccountType::Equity, None, false)
+        .unwrap();
+    let dist_a = l
+        .add_account(
+            "3100",
+            "Distributions — Alice",
+            AccountType::Equity,
+            None,
+            false,
+        )
+        .unwrap();
+    let dist_b = l
+        .add_account(
+            "3101",
+            "Distributions — Bob",
+            AccountType::Equity,
+            None,
+            false,
+        )
+        .unwrap();
+    let sales = l
+        .add_account("4000", "Sales", AccountType::Revenue, None, false)
+        .unwrap();
+    post(&mut l, d(1, 2), "Alice invests", cash, cap_a, 100);
+    post(&mut l, d(1, 2), "Bob invests", cash, cap_b, 100);
+    post(&mut l, d(1, 10), "Sales", cash, sales, 50);
+    post(&mut l, d(1, 20), "Bob's distribution", dist_b, cash, 20);
+    let half = cents("0.5");
+    let members = vec![
+        MemberCapital {
+            name: "Alice".into(),
+            capital_account: cap_a,
+            distribution_account: Some(dist_a),
+            share: half,
+        },
+        MemberCapital {
+            name: "Bob".into(),
+            capital_account: cap_b,
+            distribution_account: Some(dist_b),
+            share: half,
+        },
+    ];
+    // January: Bob's distribution comes from his distributions account.
+    let jan_me = members_equity(&l, d(1, 1), d(1, 31), &members).unwrap();
+    let row = |c: &ledger_core::MemberEquityColumn| {
+        (c.contributions, c.net_income, c.distributions, c.ending)
+    };
+    assert_eq!(
+        row(&jan_me.members[0]),
+        (dec(100), dec(25), dec(0), dec(125))
+    );
+    assert_eq!(
+        row(&jan_me.members[1]),
+        (dec(100), dec(25), dec(20), dec(105))
+    );
+    assert_eq!(
+        jan_me.total.ending,
+        balance_sheet_as_of(&l, d(1, 31)).unwrap().total_equity
+    );
+
+    // The close sweeps Bob's distributions into his capital.
+    let jan = l.create_period("2026-01", d(1, 1), d(1, 31)).unwrap();
+    let to = ledger_core::CloseTo::Members(
+        members
+            .iter()
+            .map(|m| ledger_core::MemberClose {
+                capital: m.capital_account,
+                share: m.share,
+                distributions: m.distribution_account,
+            })
+            .collect(),
+    );
+    l.close_period_to(jan, &to).unwrap();
+    let bs = balance_sheet_as_of(&l, d(1, 31)).unwrap();
+    assert_eq!(
+        bs.equity,
+        vec![
+            line("3000", "Capital — Alice", 125),
+            line("3001", "Capital — Bob", 105)
+        ]
+    );
+    // February starts there.
+    let feb_me = members_equity(&l, d(2, 1), d(2, 28), &members).unwrap();
+    assert_eq!(
+        (feb_me.members[0].beginning, feb_me.members[1].beginning),
+        (dec(125), dec(105))
+    );
+
+    // A sweep account must be equity.
+    let mut l2 = Ledger::new(Currency::USD);
+    let c = l2
+        .add_account("1000", "Cash", AccountType::Asset, None, false)
+        .unwrap();
+    let e = l2
+        .add_account("3000", "Capital", AccountType::Equity, None, false)
+        .unwrap();
+    let p = l2.create_period("2026-01", d(1, 1), d(1, 31)).unwrap();
+    let bad = ledger_core::CloseTo::Account {
+        into: e,
+        sweep: vec![c],
+    };
+    assert!(matches!(
+        l2.close_period_to(p, &bad),
+        Err(LedgerError::InvalidMembers(_))
+    ));
+}
diff --git a/crates/ledger-import/src/lib.rs b/crates/ledger-import/src/lib.rs
index 1c629c6..d94f4b5 100644
--- a/crates/ledger-import/src/lib.rs
+++ b/crates/ledger-import/src/lib.rs
@@ -14,6 +14,7 @@ pub mod chart_csv;
 pub mod iif;
 pub mod pdf;
 pub mod report;
+pub mod templates;
 pub mod xlsx;
 
 pub use bank_csv::{BankTransaction, parse_bank_csv};
@@ -21,4 +22,5 @@ pub use chart_csv::{ChartRow, parse_chart_csv};
 pub use iif::{IifEntry, journal_to_iif};
 pub use pdf::{PdfError, statement_pdf};
 pub use report::{Member, ReportMeta, Row, RowKind, Statement, YearEarnings, format_amount};
+pub use templates::{ChartTemplate, EntityType, chart_template};
 pub use xlsx::{XlsxReport, report_to_xlsx};
diff --git a/crates/ledger-import/src/report.rs b/crates/ledger-import/src/report.rs
index 7f056f5..61ddb00 100644
--- a/crates/ledger-import/src/report.rs
+++ b/crates/ledger-import/src/report.rs
@@ -53,6 +53,8 @@ pub struct Member {
     pub name: String,
     /// Code of their capital account.
     pub capital_code: String,
+    /// Code of their distributions account, if they have one.
+    pub distribution_code: Option<String>,
 }
 
 /// What a row is, which decides how renderers style it.
@@ -276,9 +278,10 @@ fn flow_lines<'a>(
     members: &'a [Member],
 ) -> impl Iterator<Item = Row> + 'a {
     lines.iter().map(move |l| {
-        let member = members
-            .iter()
-            .find(|m| l.account.as_deref() == Some(m.capital_code.as_str()));
+        let member = members.iter().find(|m| {
+            let code = l.account.as_deref();
+            code == Some(m.capital_code.as_str()) || code == m.distribution_code.as_deref()
+        });
         let label = match member {
             Some(m) if l.amount >= Decimal::ZERO => format!("Member contributions — {}", m.name),
             Some(m) => format!("Member distributions — {}", m.name),
@@ -666,10 +669,12 @@ mod tests {
             Member {
                 name: "Alice".into(),
                 capital_code: "3000".into(),
+                distribution_code: None,
             },
             Member {
                 name: "Bob".into(),
                 capital_code: "3001".into(),
+                distribution_code: None,
             },
         ];
         let st = balance_sheet(&bs, e, &members);
diff --git a/crates/ledger-import/src/templates.rs b/crates/ledger-import/src/templates.rs
new file mode 100644
index 0000000..078a34e
--- /dev/null
+++ b/crates/ledger-import/src/templates.rs
@@ -0,0 +1,432 @@
+//! Starter charts of accounts by entity type.
+//!
+//! A new business shouldn't start from a blank chart, and the right chart
+//! depends on what the business *is*: a sole proprietor has an owner's
+//! capital and draws; a partnership (or multi-member LLC) has a capital and
+//! distributions account per partner and pays partners guaranteed payments;
+//! an S corporation pays officer wages and makes shareholder distributions;
+//! a C corporation pays dividends and income tax. Each template is a
+//! proposal for the agent to review with the human before importing (via
+//! `books.import_chart_csv`), with tax categories already assigned, plus
+//! the `wanderbooks.toml` settings that go with it (tax form, owners, and
+//! where period closes go).
+
+use crate::chart_csv::ChartRow;
+use rust_decimal::Decimal;
+
+/// The kinds of business a template exists for.
+#[derive(Clone, Copy, Debug, PartialEq, Eq)]
+pub enum EntityType {
+    /// Sole proprietorship or single-member LLC (Schedule C).
+    SoleProprietorship,
+    /// Partnership or multi-member LLC (Form 1065).
+    Partnership,
+    /// S corporation, including an LLC electing S status (Form 1120-S).
+    SCorporation,
+    /// C corporation (Form 1120).
+    CCorporation,
+}
+
+impl EntityType {
+    /// Parse "sole_proprietorship", "partnership", "s_corporation",
+    /// "c_corporation" and common spellings ("llc" alone is ambiguous).
+    pub fn parse(s: &str) -> Option<EntityType> {
+        let k: String = s
+            .to_lowercase()
+            .chars()
+            .filter(|c| c.is_ascii_alphanumeric())
+            .collect();
+        match k.as_str() {
+            "soleproprietorship" | "soleprop" | "singlememberllc" | "smllc" => {
+                Some(EntityType::SoleProprietorship)
+            }
+            "partnership" | "multimemberllc" | "mmllc" => Some(EntityType::Partnership),
+            "scorporation" | "scorp" | "s" => Some(EntityType::SCorporation),
+            "ccorporation" | "ccorp" | "c" | "corporation" => Some(EntityType::CCorporation),
+            _ => None,
+        }
+    }
+}
+
+/// A starter chart plus the settings that go with it.
+#[derive(Clone, Debug)]
+pub struct ChartTemplate {
+    /// Accounts, parents first.
+    pub rows: Vec<ChartRow>,
+    /// The `wanderbooks.toml` additions: tax form, owners, close settings.
+    pub settings_toml: String,
+    /// What the human should decide or know, in plain words.
+    pub notes: Vec<String>,
+}
+
+impl ChartTemplate {
+    /// The accounts as chart CSV with the tax_category column.
+    pub fn csv(&self) -> String {
+        let mut out = String::from("code,name,type,parent_code,tax_category\n");
+        for r in &self.rows {
+            let field = |s: &str| {
+                if s.contains([',', '"']) {
+                    format!("\"{}\"", s.replace('"', "\"\""))
+                } else {
+                    s.to_string()
+                }
+            };
+            out.push_str(&format!(
+                "{},{},{},{},{}\n",
+                r.code,
+                field(&r.name),
+                r.account_type,
+                r.parent_code.as_deref().unwrap_or(""),
+                r.tax_category.as_deref().unwrap_or("")
+            ));
+        }
+        out
+    }
+}
+
+fn acct(code: &str, name: &str, t: &str, tax: Option<&str>) -> ChartRow {
+    ChartRow {
+        code: code.to_string(),
+        name: name.to_string(),
+        account_type: t.to_string(),
+        parent_code: None,
+        tax_category: tax.map(str::to_string),
+    }
+}
+
+/// Equal shares for `n` owners as percents to two places, the last
+/// absorbing the remainder so they sum to exactly 100.
+fn equal_shares(n: usize) -> Vec<Decimal> {
+    let each = (Decimal::from(100) / Decimal::from(n as u64)).round_dp(2);
+    let mut v = vec![each; n];
+    if let Some((last, rest)) = v.split_last_mut() {
+        *last = Decimal::from(100) - rest.iter().sum::<Decimal>();
+    }
+    v
+}
+
+/// Build the template for `entity` with these owners (names; at least two
+/// for a partnership, which gets a capital and distributions account each).
+pub fn chart_template(entity: EntityType, owners: &[String]) -> Result<ChartTemplate, String> {
+    use EntityType::*;
+    if entity == Partnership && owners.len() < 2 {
+        return Err("a partnership template needs at least two owners' names".to_string());
+    }
+    if owners.len() > 90 {
+        return Err("at most 90 owners".to_string());
+    }
+    let owed_to = match entity {
+        SoleProprietorship => "Due to Owner",
+        Partnership => "Due to Members",
+        SCorporation | CCorporation => "Due to Shareholders",
+    };
+    let mut rows = vec![
+        acct("1000", "Business Checking", "asset", None),
+        acct("1100", "Savings", "asset", None),
+        acct("1200", "Accounts Receivable", "asset", None),
+        acct("1300", "Prepaid Expenses", "asset", None),
+        acct("1500", "Equipment", "asset", None),
+        acct("1590", "Accumulated Depreciation", "asset", None),
+        acct("2000", "Accounts Payable", "liability", None),
+        acct("2100", "Credit Card", "liability", None),
+        acct("2200", "Sales Tax Payable", "liability", None),
+        acct("2300", "Payroll Liabilities", "liability", None),
+        acct("2400", "Deferred Revenue", "liability", None),
+        acct("2500", owed_to, "liability", None),
+        acct("2700", "Loans Payable", "liability", None),
+    ];
+    let mut settings = String::new();
+    let mut notes = vec![
+        "Rename, add, or drop accounts before importing; codes are a convention, not a rule."
+            .to_string(),
+        format!(
+            "{owed_to}: business expenses an owner paid personally, until the business reimburses them."
+        ),
+    ];
+    match entity {
+        SoleProprietorship => {
+            rows.push(acct("3000", "Owner's Capital", "equity", None));
+            rows.push(acct("3100", "Owner's Draws", "equity", None));
+            settings.push_str("[company]\ntax_form = \"schedule_c\"\n\n[books]\n# Net income and draws close into the owner's capital.\nclose_into = \"3000\"\nclose_sweep = [\"3100\"]\n");
+            notes
+                .push("Money you take out is a draw (3100), not a wage or an expense.".to_string());
+        }
+        Partnership => {
+            let shares = equal_shares(owners.len());
+            settings.push_str("[company]\ntax_form = \"1065\"\n\n# Each partner's share drives allocations and closes. Equal shares are a\n# placeholder: use the operating agreement's numbers.\n");
+            for (i, name) in owners.iter().enumerate() {
+                let cap = format!("{}", 3000 + i);
+                let dist = format!("{}", 3100 + i);
+                rows.push(acct(&cap, &format!("Capital — {name}"), "equity", None));
+                rows.push(acct(
+                    &dist,
+                    &format!("Distributions — {name}"),
+                    "equity",
+                    None,
+                ));
+                settings.push_str(&format!(
+                    "\n[[company.members]]\nname = \"{name}\"\nshare = \"{}%\"\ncapital_account = \"{cap}\"\ndistribution_account = \"{dist}\"\n",
+                    shares[i]
+                ));
+            }
+            notes.push("A partner paid for work gets guaranteed payments (7200), not wages; profit taken out is a distribution.".to_string());
+            notes.push(
+                "Shares default to equal; set them from the operating agreement.".to_string(),
+            );
+        }
+        SCorporation | CCorporation => {
+            rows.push(acct("3000", "Common Stock", "equity", None));
+            rows.push(acct("3100", "Additional Paid-in Capital", "equity", None));
+            if entity == SCorporation {
+                rows.push(acct("3200", "Shareholder Distributions", "equity", None));
+                settings.push_str("[company]\ntax_form = \"1120s\"\n\n[books]\n# Net income and distributions close into Retained Earnings (3999).\nclose_sweep = [\"3200\"]\n");
+                notes.push("Owner-employees must take reasonable W-2 wages (officer compensation, 7200) before distributions.".to_string());
+            } else {
+                rows.push(acct("3200", "Dividends Paid", "equity", None));
+                settings.push_str("[company]\ntax_form = \"1120\"\n\n[books]\n# Net income and dividends close into Retained Earnings (3999).\nclose_sweep = [\"3200\"]\n");
+                notes.push("The corporation pays its own income tax (7900, not deductible); dividends are not expenses.".to_string());
+            }
+            rows.push(acct("3999", "Retained Earnings", "equity", None));
+        }
+    }
+    rows.extend([
+        acct("4000", "Sales", "revenue", Some("gross_receipts")),
+        acct(
+            "4100",
+            "Refunds and Allowances",
+            "revenue",
+            Some("returns_allowances"),
+        ),
+        acct(
+            "4900",
+            "Interest Income",
+            "revenue",
+            Some("interest_income"),
+        ),
+        acct("4950", "Other Income", "revenue", Some("other_income")),
+        acct(
+            "5000",
+            "Cost of Goods Sold",
+            "expense",
+            Some("cost_of_goods_sold"),
+        ),
+        acct("6000", "Advertising", "expense", Some("advertising")),
+        acct("6050", "Bank Fees", "expense", Some("other_deductions")),
+        acct(
+            "6100",
+            "Platform and Payment Processing Fees",
+            "expense",
+            Some("commissions_fees"),
+        ),
+        acct("6150", "Contract Labor", "expense", Some("contract_labor")),
+        acct("6200", "Depreciation", "expense", Some("depreciation")),
+        acct(
+            "6250",
+            "Dues and Memberships",
+            "expense",
+            Some("other_deductions"),
+        ),
+        acct("6300", "Insurance", "expense", Some("insurance")),
+        acct(
+            "6350",
+            "Interest Expense",
+            "expense",
+            Some("interest_expense"),
+        ),
+        acct(
+            "6400",
+            "Legal and Professional Fees",
+            "expense",
+            Some("legal_professional"),
+        ),
+        acct("6450", "Meals", "expense", Some("meals")),
+        acct("6500", "Office Expense", "expense", Some("office_expense")),
+        acct(
+            "6550",
+            "Organizational and Start-up Costs",
+            "expense",
+            Some("organization_startup"),
+        ),
+        acct("6600", "Rent", "expense", Some("rent_property")),
+        acct(
+            "6650",
+            "Repairs and Maintenance",
+            "expense",
+            Some("repairs"),
+        ),
+        acct(
+            "6700",
+            "Software and Subscriptions",
+            "expense",
+            Some("other_deductions"),
+        ),
+        acct("6750", "Supplies", "expense", Some("supplies")),
+        acct(
+            "6800",
+            "Taxes and Licenses",
+            "expense",
+            Some("taxes_licenses"),
+        ),
+        acct("6850", "Travel", "expense", Some("travel")),
+        acct("6900", "Utilities", "expense", Some("utilities")),
+        acct(
+            "6950",
+            "Penalties and Nondeductible Expenses",
+            "expense",
+            Some("nondeductible"),
+        ),
+        acct(
+            "7000",
+            "Salaries and Wages",
+            "expense",
+            Some("salaries_wages"),
+        ),
+        acct("7050", "Payroll Taxes", "expense", Some("taxes_licenses")),
+        acct(
+            "7100",
+            "Employee Benefits",
+            "expense",
+            Some("employee_benefits"),
+        ),
+    ]);
+    match entity {
+        Partnership => rows.push(acct(
+            "7200",
+            "Guaranteed Payments to Partners",
+            "expense",
+            Some("guaranteed_payments"),
+        )),
+        SCorporation | CCorporation => rows.push(acct(
+            "7200",
+            "Officer Compensation",
+            "expense",
+            Some("officer_compensation"),
+        )),
+        SoleProprietorship => {}
+    }
+    if entity == CCorporation {
+        rows.push(acct(
+            "7900",
+            "Income Tax Expense",
+            "expense",
+            Some("nondeductible"),
+        ));
+    }
+    Ok(ChartTemplate {
+        rows,
+        settings_toml: settings,
+        notes,
+    })
+}
+
+#[cfg(test)]
+mod tests {
+    use super::*;
+    use crate::chart_csv::parse_chart_csv;
+
+    #[test]
+    fn templates_round_trip_through_the_chart_parser() {
+        for e in [
+            EntityType::SoleProprietorship,
+            EntityType::Partnership,
+            EntityType::SCorporation,
+            EntityType::CCorporation,
+        ] {
+            let t = chart_template(e, &["Ann Lee".into(), "Bo, Jr.".into(), "Cy".into()]).unwrap();
+            let parsed = parse_chart_csv(&t.csv()).unwrap();
+            assert_eq!(parsed, t.rows, "{e:?}");
+            // Codes are unique.
+            let mut codes: Vec<&str> = t.rows.iter().map(|r| r.code.as_str()).collect();
+            codes.sort_unstable();
+            codes.dedup();
+            assert_eq!(codes.len(), t.rows.len(), "{e:?}");
+        }
+    }
+
+    #[test]
+    fn equity_fits_the_entity() {
+        let names = |t: &ChartTemplate| -> Vec<String> {
+            t.rows
+                .iter()
+                .filter(|r| r.account_type == "equity")
+                .map(|r| r.name.clone())
+                .collect()
+        };
+        let sole = chart_template(EntityType::SoleProprietorship, &[]).unwrap();
+        assert_eq!(names(&sole), ["Owner's Capital", "Owner's Draws"]);
+        assert!(sole.settings_toml.contains("close_into = \"3000\""));
+
+        let p = chart_template(
+            EntityType::Partnership,
+            &["A".into(), "B".into(), "C".into()],
+        )
+        .unwrap();
+        assert_eq!(
+            names(&p),
+            [
+                "Capital — A",
+                "Distributions — A",
+                "Capital — B",
+                "Distributions — B",
+                "Capital — C",
+                "Distributions — C"
+            ]
+        );
+        // Three equal shares that sum to exactly 100.
+        assert!(p.settings_toml.contains("share = \"33.33%\""));
+        assert!(p.settings_toml.contains("share = \"33.34%\""));
+        assert!(
+            p.rows
+                .iter()
+                .any(|r| r.tax_category.as_deref() == Some("guaranteed_payments"))
+        );
+        assert!(chart_template(EntityType::Partnership, &["solo".into()]).is_err());
+
+        let s = chart_template(EntityType::SCorporation, &[]).unwrap();
+        assert!(names(&s).contains(&"Shareholder Distributions".to_string()));
+        assert!(
+            s.rows
+                .iter()
+                .any(|r| r.tax_category.as_deref() == Some("officer_compensation"))
+        );
+        let c = chart_template(EntityType::CCorporation, &[]).unwrap();
+        assert!(names(&c).contains(&"Dividends Paid".to_string()));
+        assert!(c.rows.iter().any(|r| r.name == "Income Tax Expense"));
+    }
+
+    #[test]
+    fn every_category_is_valid_for_the_entitys_return() {
+        use ledger_core::{AccountType, TaxForm, tax::check_category};
+        for (e, form) in [
+            (EntityType::SoleProprietorship, TaxForm::ScheduleC),
+            (EntityType::Partnership, TaxForm::Form1065),
+            (EntityType::SCorporation, TaxForm::Form1120S),
+            (EntityType::CCorporation, TaxForm::Form1120),
+        ] {
+            for r in chart_template(e, &["A".into(), "B".into()]).unwrap().rows {
+                let Some(cat) = &r.tax_category else { continue };
+                let t = if r.account_type == "revenue" {
+                    AccountType::Revenue
+                } else {
+                    AccountType::Expense
+                };
+                check_category(cat, t, Some(form))
+                    .unwrap_or_else(|err| panic!("{e:?} {}: {err}", r.code));
+            }
+        }
+    }
+
+    #[test]
+    fn entity_types_parse() {
+        assert_eq!(
+            EntityType::parse("multi-member LLC"),
+            Some(EntityType::Partnership)
+        );
+        assert_eq!(EntityType::parse("S corp"), Some(EntityType::SCorporation));
+        assert_eq!(
+            EntityType::parse("sole_proprietorship"),
+            Some(EntityType::SoleProprietorship)
+        );
+        assert_eq!(EntityType::parse("LLC"), None, "ambiguous");
+    }
+}
diff --git a/crates/ledger-mcp/src/company.rs b/crates/ledger-mcp/src/company.rs
index 657c5e7..edce28f 100644
--- a/crates/ledger-mcp/src/company.rs
+++ b/crates/ledger-mcp/src/company.rs
@@ -28,6 +28,13 @@ pub struct Company {
     /// The income tax return the business files, if known: from
     /// `tax_form`, else from `tax_classification`.
     pub tax_form: Option<ledger_core::TaxForm>,
+    /// `[books] close_into`: the equity account a period close puts net
+    /// income in (a sole proprietor's capital, say). Unset: Retained
+    /// Earnings, or members' capital accounts when there are members.
+    pub close_into: Option<String>,
+    /// `[books] close_sweep`: equity accounts (draws, dividends,
+    /// distributions) a close zeroes into `close_into`.
+    pub close_sweep: Vec<String>,
 }
 
 /// One member of a multi-member LLC.
@@ -39,6 +46,9 @@ pub struct Member {
     pub share: Decimal,
     /// Code of their capital account in the chart.
     pub capital_account: String,
+    /// Code of their distributions account, if distributions are recorded
+    /// separately from capital (zeroed into capital at close).
+    pub distribution_account: Option<String>,
 }
 
 impl Default for Company {
@@ -49,6 +59,8 @@ impl Default for Company {
             members: Vec::new(),
             basis: "Accrual".to_string(),
             tax_form: None,
+            close_into: None,
+            close_sweep: Vec::new(),
         }
     }
 }
@@ -102,12 +114,16 @@ struct MemberToml {
     name: String,
     share: String,
     capital_account: Option<String>,
+    distribution_account: Option<String>,
 }
 
 #[derive(Default, Deserialize)]
 struct BooksSection {
     receipt_threshold: Option<String>,
     accounting_basis: Option<String>,
+    close_into: Option<String>,
+    #[serde(default)]
+    close_sweep: Vec<String>,
 }
 
 /// The return a federal tax classification files: "partnership" → 1065,
@@ -174,6 +190,10 @@ pub fn parse(text: &str) -> Result<BooksSettings, String> {
             name: m.name.trim().to_string(),
             share,
             capital_account: capital_account.trim().to_string(),
+            distribution_account: m
+                .distribution_account
+                .map(|d| d.trim().to_string())
+                .filter(|d| !d.is_empty()),
         });
     }
     if !company.members.is_empty() {
@@ -190,6 +210,14 @@ pub fn parse(text: &str) -> Result<BooksSettings, String> {
             (None, Some(c)) => form_for_classification(c),
             (None, None) => None,
         };
+    if !company.members.is_empty() && raw.books.close_into.is_some() {
+        return Err(
+            "close_into is for single-owner businesses; with [[company.members]] a close goes to each member's capital account"
+                .to_string(),
+        );
+    }
+    company.close_into = raw.books.close_into.map(|c| c.trim().to_string());
+    company.close_sweep = raw.books.close_sweep;
     if let Some(basis) = raw.books.accounting_basis {
         company.basis = match basis.trim().to_lowercase().as_str() {
             "accrual" => "Accrual".to_string(),
@@ -291,12 +319,14 @@ mod tests {
                 Member {
                     name: "Stephen Waits".into(),
                     share: half,
-                    capital_account: "3000".into()
+                    capital_account: "3000".into(),
+                    distribution_account: None,
                 },
                 Member {
                     name: "Katherine Pendergast".into(),
                     share: half,
-                    capital_account: "3001".into()
+                    capital_account: "3001".into(),
+                    distribution_account: None,
                 },
             ]
         );
diff --git a/crates/ledger-mcp/src/server.rs b/crates/ledger-mcp/src/server.rs
index 18e872e..c1c9d48 100644
--- a/crates/ledger-mcp/src/server.rs
+++ b/crates/ledger-mcp/src/server.rs
@@ -82,6 +82,7 @@ impl BooksServer {
             .map(|m| ledger_import::Member {
                 name: m.name.clone(),
                 capital_code: m.capital_account.clone(),
+                distribution_code: m.distribution_account.clone(),
             })
             .collect()
     }
@@ -108,15 +109,69 @@ impl BooksServer {
                             m.name, m.capital_account
                         )
                     })?;
+                let distribution_account = match &m.distribution_account {
+                    Some(code) => Some(
+                        ledger
+                            .chart()
+                            .find_by_code(code)
+                            .ok_or_else(|| {
+                                format!("member {}: unknown distribution account {code}", m.name)
+                            })?
+                            .id,
+                    ),
+                    None => None,
+                };
                 Ok(ledger_core::MemberCapital {
                     name: m.name.clone(),
                     capital_account: account.id,
+                    distribution_account,
                     share: m.share,
                 })
             })
             .collect()
     }
 
+    /// Where a period close goes, from wanderbooks.toml: members' capital
+    /// accounts by share (with their distribution accounts swept in) for a
+    /// partnership; else `close_into` (Retained Earnings when unset or
+    /// `3999`) with `close_sweep` zeroed into it.
+    fn close_target(&self, ledger: &Ledger) -> Result<ledger_core::CloseTo, String> {
+        let code = |c: &str| -> Result<AccountId, String> {
+            ledger
+                .chart()
+                .find_by_code(c)
+                .map(|a| a.id)
+                .ok_or_else(|| format!("wanderbooks.toml names unknown account {c}"))
+        };
+        if !self.company.members.is_empty() {
+            return Ok(ledger_core::CloseTo::Members(
+                self.member_capitals(ledger)?
+                    .into_iter()
+                    .map(|m| ledger_core::MemberClose {
+                        capital: m.capital_account,
+                        share: m.share,
+                        distributions: m.distribution_account,
+                    })
+                    .collect(),
+            ));
+        }
+        let sweep = self
+            .company
+            .close_sweep
+            .iter()
+            .map(|c| code(c))
+            .collect::<Result<Vec<_>, _>>()?;
+        Ok(match self.company.close_into.as_deref() {
+            None | Some(ledger_core::RETAINED_EARNINGS_CODE) => {
+                ledger_core::CloseTo::RetainedEarnings { sweep }
+            }
+            Some(c) => ledger_core::CloseTo::Account {
+                into: code(c)?,
+                sweep,
+            },
+        })
+    }
+
     /// The fiscal year's earnings through `as_of`, for the balance sheet:
     /// net income (loss) year to date (closing entries excluded), and the
     /// part of it still unclosed (closing entries included, so months
@@ -1361,6 +1416,30 @@ impl BooksServer {
         Ok(Json(ImportBankCsvOut { imported, count }))
     }
 
+    #[tool(
+        name = "books.chart_template",
+        description = "A starter chart of accounts for a kind of business (sole proprietorship, partnership or multi-member LLC, S corporation, C corporation): the right equity and owner-pay accounts (draws; per-partner capital and distributions plus guaranteed payments; officer compensation and distributions; dividends and income tax), common income and expense accounts with tax categories assigned, and the wanderbooks.toml settings that go with it. A proposal: review it with the human, adjust, then books.import_chart_csv.",
+        annotations(read_only_hint = true)
+    )]
+    async fn chart_template(
+        &self,
+        params: Parameters<ChartTemplateParams>,
+    ) -> Result<Json<ChartTemplateOut>, String> {
+        let p = params.0;
+        let entity = ledger_import::EntityType::parse(&p.entity_type).ok_or_else(|| {
+            format!(
+                "entity_type {:?}: expected sole_proprietorship, partnership, s_corporation, or c_corporation (an LLC is one of these for tax purposes)",
+                p.entity_type
+            )
+        })?;
+        let t = ledger_import::chart_template(entity, &p.owners)?;
+        Ok(Json(ChartTemplateOut {
+            csv: t.csv(),
+            settings_toml: t.settings_toml,
+            notes: t.notes,
+        }))
+    }
+
     #[tool(
         name = "books.tax_categories",
         description = "The tax categories an account can map to (where it lands on the income tax return), filtered to the business's return when wanderbooks.toml says which (tax_form or tax_classification). Each has a default deductible percent (meals 50, nondeductible 0) and guidance. Categories are stable keys, not form line numbers.",
@@ -2072,18 +2151,7 @@ impl BooksServer {
         if store.ledger().get_period(p.period_id).is_none() {
             return Err(format!("unknown period {}", p.period_id));
         }
-        // A partnership closes into its members' capital accounts by share;
-        // everyone else into Retained Earnings.
-        let to = if self.company.members.is_empty() {
-            ledger_core::CloseTo::RetainedEarnings
-        } else {
-            ledger_core::CloseTo::Members(
-                self.member_capitals(store.ledger())?
-                    .into_iter()
-                    .map(|m| (m.capital_account, m.share))
-                    .collect(),
-            )
-        };
+        let to = self.close_target(store.ledger())?;
         let describe = |ledger: &Ledger, eid: Option<ledger_core::EntryId>| -> Vec<String> {
             let Some(entry) = eid.and_then(|e| ledger.get_entry(e)) else {
                 return Vec::new();
diff --git a/crates/ledger-mcp/src/types.rs b/crates/ledger-mcp/src/types.rs
index b1fc7b6..3cf2ac3 100644
--- a/crates/ledger-mcp/src/types.rs
+++ b/crates/ledger-mcp/src/types.rs
@@ -54,6 +54,31 @@ pub struct ChartAccount {
     pub deductible_percent: Option<String>,
 }
 
+/// Parameters for `books.chart_template`.
+#[derive(Debug, Deserialize, JsonSchema)]
+pub struct ChartTemplateParams {
+    /// "sole_proprietorship" (incl. single-member LLC), "partnership"
+    /// (incl. multi-member LLC), "s_corporation", or "c_corporation".
+    pub entity_type: String,
+    /// Owners' names: one capital and distributions account each for a
+    /// partnership (at least two). Ignored otherwise.
+    #[serde(default)]
+    pub owners: Vec<String>,
+}
+
+/// Result of `books.chart_template`.
+#[derive(Debug, Serialize, JsonSchema)]
+pub struct ChartTemplateOut {
+    /// Chart CSV (code,name,type,parent_code,tax_category) for
+    /// `books.import_chart_csv`, after review.
+    pub csv: String,
+    /// The `wanderbooks.toml` settings that go with it: tax form, owners,
+    /// where period closes go.
+    pub settings_toml: String,
+    /// What to decide or know.
+    pub notes: Vec<String>,
+}
+
 /// Parameters for `books.set_tax_category`.
 #[derive(Debug, Deserialize, JsonSchema)]
 pub struct SetTaxCategoryParams {
diff --git a/crates/ledger-mcp/tests/mcp_stdio.rs b/crates/ledger-mcp/tests/mcp_stdio.rs
index 0dcc18b..b44aa69 100644
--- a/crates/ledger-mcp/tests/mcp_stdio.rs
+++ b/crates/ledger-mcp/tests/mcp_stdio.rs
@@ -139,7 +139,7 @@ fn mcp_end_to_end_over_stdio() {
     // Tool listing: 23 narrow tools, chart is read-only.
     let list = mcp.request("tools/list", json!({}));
     let tools = list["result"]["tools"].as_array().unwrap();
-    assert_eq!(tools.len(), 52, "expected 52 tools, got {}", tools.len());
+    assert_eq!(tools.len(), 53, "expected 53 tools, got {}", tools.len());
     let chart = tools.iter().find(|t| t["name"] == "books.chart").unwrap();
     assert_eq!(chart["annotations"]["readOnlyHint"], true);
     assert!(
@@ -1120,3 +1120,115 @@ fn mcp_period_statements_over_stdio() {
             .all(|a| a["code"] != "6100")
     );
 }
+
+#[test]
+fn mcp_partnership_from_template_over_stdio() {
+    let init = |mcp: &mut Mcp| {
+        mcp.request(
+            "initialize",
+            json!({
+                "protocolVersion": "2025-06-18",
+                "capabilities": {},
+                "clientInfo": {"name": "smoke-test", "version": "0.1.0"},
+            }),
+        );
+        mcp.notify("notifications/initialized");
+    };
+    // 1. Ask for a template (any server will do).
+    let dir = test_dir("template");
+    let mut scratch = Mcp::spawn(&dir.join("scratch"));
+    init(&mut scratch);
+    let t = scratch.call(
+        "books.chart_template",
+        json!({"entity_type": "multi-member LLC", "owners": ["Ann", "Bo"]}),
+    );
+    let settings = t["settings_toml"].as_str().unwrap();
+    assert!(settings.contains("distribution_account = \"3101\""));
+    let err = scratch.call_err("books.chart_template", json!({"entity_type": "LLC"}));
+    assert!(err.contains("entity_type"), "{err}");
+
+    // 2. Its settings become the company config; its chart, the chart.
+    let toml = dir.join("wanderbooks.toml");
+    std::fs::write(
+        &toml,
+        format!("{settings}\n[books]\nreceipt_threshold = \"10000\"\n"),
+    )
+    .unwrap();
+    let mut mcp = Mcp::spawn_with(
+        &dir.join("books-data"),
+        &[std::ffi::OsStr::new("--books-toml"), toml.as_os_str()],
+    );
+    init(&mut mcp);
+    mcp.call("books.import_chart_csv", json!({"csv_text": t["csv"]}));
+    let post = |mcp: &mut Mcp, date: &str, dr: &str, cr: &str, amount: &str| {
+        let e = mcp.call(
+            "books.draft_entry",
+            json!({"date": date, "description": "x"}),
+        );
+        let id = e["entry_id"].as_u64().unwrap();
+        mcp.call(
+            "books.add_line",
+            json!({"entry_id": id, "account": dr, "side": "debit", "amount": amount}),
+        );
+        mcp.call(
+            "books.add_line",
+            json!({"entry_id": id, "account": cr, "side": "credit", "amount": amount}),
+        );
+        mcp.call(
+            "books.post_entry",
+            json!({"entry_id": id, "confirmed": true}),
+        );
+    };
+    post(&mut mcp, "2026-01-02", "1000", "3000", "1000.00");
+    post(&mut mcp, "2026-01-02", "1000", "3001", "1000.00");
+    post(&mut mcp, "2026-01-10", "1000", "4000", "400.00");
+    post(&mut mcp, "2026-01-20", "3101", "1000", "50.00");
+
+    // 3. Members' equity sees Bo's distribution in his distributions account.
+    let me = mcp.call(
+        "books.export",
+        json!({"format": "json", "report": "members_equity", "start": "2026-01-01", "end": "2026-01-31"}),
+    );
+    let me: serde_json::Value = serde_json::from_str(me["content"].as_str().unwrap()).unwrap();
+    assert_eq!(me["members"][1]["distributions"], "50.00");
+    assert_eq!(me["members"][1]["ending"], "1150.00");
+
+    // 4. Closing January: 200 each to capital, Bo's distributions swept in.
+    let jan = mcp.call(
+        "books.create_period",
+        json!({"name": "2026-01", "start": "2026-01-01", "end": "2026-01-31"}),
+    );
+    let closed = mcp.call(
+        "books.close_period",
+        json!({"period_id": jan["period_id"], "confirmed": true}),
+    );
+    assert_eq!(
+        closed["lines"],
+        json!([
+            "Debit 4000 400.00",
+            "Credit 3000 200.00",
+            "Credit 3001 200.00",
+            "Credit 3101 50.00",
+            "Debit 3001 50.00"
+        ])
+    );
+    let bs = mcp.call("books.balance_sheet", json!({"as_of": "2026-01-31"}));
+    let equity: Vec<(String, String)> = bs["equity_accounts"]
+        .as_array()
+        .unwrap()
+        .iter()
+        .map(|a| {
+            (
+                a["code"].as_str().unwrap().to_string(),
+                a["amount"].as_str().unwrap().to_string(),
+            )
+        })
+        .collect();
+    assert_eq!(
+        equity,
+        [
+            ("3000".into(), "1200.00".into()),
+            ("3001".into(), "1150.00".into())
+        ]
+    );
+}
diff --git a/crates/ledger-store/src/store.rs b/crates/ledger-store/src/store.rs
index 4bc2d98..66343fc 100644
--- a/crates/ledger-store/src/store.rs
+++ b/crates/ledger-store/src/store.rs
@@ -955,7 +955,7 @@ impl Store {
     /// re-runs the deterministic close logic and checks the closing entry
     /// id against the journal.
     pub fn close_period(&mut self, id: PeriodId) -> Result<Option<EntryId>, StoreError> {
-        self.close_period_to(id, &CloseTo::RetainedEarnings)
+        self.close_period_to(id, &CloseTo::RetainedEarnings { sweep: vec![] })
     }
 
     /// Close a period with its net income going to `to`: Retained Earnings,
@@ -969,8 +969,8 @@ impl Store {
     ) -> Result<Option<EntryId>, StoreError> {
         // Pure pre-validation: a doomed close journals nothing, not even
         // the Retained Earnings account creation below.
-        self.ledger.preview_close_period(id)?;
-        if *to == CloseTo::RetainedEarnings {
+        self.ledger.preview_close_period_to(id, to)?;
+        if matches!(to, CloseTo::RetainedEarnings { .. }) {
             // Retained Earnings must exist before the close so its creation
             // (if needed) is journaled as account.added; the close's own
             // ensure then no-ops and replay stays deterministic.
@@ -997,11 +997,17 @@ impl Store {
             None => None,
         };
         let close_to = match to {
-            CloseTo::RetainedEarnings => json!("retained_earnings"),
+            CloseTo::RetainedEarnings { sweep } if sweep.is_empty() => json!("retained_earnings"),
+            CloseTo::RetainedEarnings { sweep } => json!({"retained_earnings": {"sweep": sweep}}),
+            CloseTo::Account { into, sweep } => json!({"account": {"into": into, "sweep": sweep}}),
             CloseTo::Members(members) => json!({
                 "members": members
                     .iter()
-                    .map(|(account, share)| json!({"account": account, "share": share.to_string()}))
+                    .map(|m| json!({
+                        "account": m.capital,
+                        "share": m.share.to_string(),
+                        "distributions": m.distributions,
+                    }))
                     .collect::<Vec<_>>(),
             }),
         };
@@ -2805,22 +2811,7 @@ fn replay_line_into_ledger(
             // Deterministic: the close re-derives the closing entry from
             // the replayed state and the journaled target (absent: Retained
             // Earnings), so it must match the journal's id and every line.
-            let to = match p.get("close_to").and_then(|v| v.get("members")) {
-                None => ledger_core::CloseTo::RetainedEarnings,
-                Some(members) => ledger_core::CloseTo::Members(
-                    members
-                        .as_array()
-                        .ok_or_else(|| StoreError::JournalCorrupt("close_to.members".into()))?
-                        .iter()
-                        .map(|m| {
-                            let share = get_str(m, "share")?.parse().map_err(|_| {
-                                StoreError::JournalCorrupt("close_to member share".into())
-                            })?;
-                            Ok((get_u64(m, "account")?, share))
-                        })
-                        .collect::<Result<_, StoreError>>()?,
-                ),
-            };
+            let to = close_to_from_journal(p.get("close_to"))?;
             let got = ledger.close_period_to(id, &to)?;
             if got != want {
                 return Err(StoreError::ReplayMismatch(format!(
@@ -2997,6 +2988,52 @@ fn apply_document_payment(
 /// of the journal line: INSERTs for new facts, targeted UPDATEs/DELETEs
 /// for lifecycle changes (receipt linking, disposal, period close,
 /// cleared flags, document payments, fx rate updates).
+/// The close target recorded in a `period.closed` line. Absent or
+/// `"retained_earnings"`: Retained Earnings with no sweeps (every journal
+/// written before targets existed).
+fn close_to_from_journal(v: Option<&Value>) -> Result<CloseTo, StoreError> {
+    let corrupt = |what: &str| StoreError::JournalCorrupt(format!("close_to: {what}"));
+    let ids = |v: &Value| -> Result<Vec<AccountId>, StoreError> {
+        v.as_array()
+            .ok_or_else(|| corrupt("sweep"))?
+            .iter()
+            .map(|x| x.as_u64().ok_or_else(|| corrupt("sweep id")))
+            .collect()
+    };
+    let Some(v) = v.filter(|v| !v.is_null() && v.as_str() != Some("retained_earnings")) else {
+        return Ok(CloseTo::RetainedEarnings { sweep: vec![] });
+    };
+    if let Some(re) = v.get("retained_earnings") {
+        return Ok(CloseTo::RetainedEarnings {
+            sweep: ids(&re["sweep"])?,
+        });
+    }
+    if let Some(a) = v.get("account") {
+        return Ok(CloseTo::Account {
+            into: get_u64(a, "into")?,
+            sweep: ids(&a["sweep"])?,
+        });
+    }
+    let members = v
+        .get("members")
+        .and_then(|m| m.as_array())
+        .ok_or_else(|| corrupt("unknown target"))?;
+    Ok(CloseTo::Members(
+        members
+            .iter()
+            .map(|m| {
+                Ok(ledger_core::MemberClose {
+                    capital: get_u64(m, "account")?,
+                    share: get_str(m, "share")?
+                        .parse()
+                        .map_err(|_| corrupt("member share"))?,
+                    distributions: m.get("distributions").and_then(|d| d.as_u64()),
+                })
+            })
+            .collect::<Result<_, StoreError>>()?,
+    ))
+}
+
 fn apply_line_to_sqlite(conn: &Connection, line: &JournalLine) -> Result<(), StoreError> {
     let p = &line.payload;
     match line.line_type.as_str() {
diff --git a/crates/ledger-store/tests/store.rs b/crates/ledger-store/tests/store.rs
index 64dc043..2eed25b 100644
--- a/crates/ledger-store/tests/store.rs
+++ b/crates/ledger-store/tests/store.rs
@@ -504,7 +504,18 @@ fn a_close_into_members_capital_replays_exactly() {
     store
         .close_period_to(
             jan,
-            &ledger_core::CloseTo::Members(vec![(alice, half), (bob, half)]),
+            &ledger_core::CloseTo::Members(vec![
+                ledger_core::MemberClose {
+                    capital: alice,
+                    share: half,
+                    distributions: None,
+                },
+                ledger_core::MemberClose {
+                    capital: bob,
+                    share: half,
+                    distributions: None,
+                },
+            ]),
         )
         .unwrap();
     // 100.01 splits 50.01 / 50.00 into the capital accounts.
diff --git a/docs/mcp-interface.md b/docs/mcp-interface.md
index bc4aac7..70d2056 100644
--- a/docs/mcp-interface.md
+++ b/docs/mcp-interface.md
@@ -32,7 +32,10 @@ CPA package and the balance sheet's net income line, `[[company.members]]`
 to 100%) drives the statement of members' equity, `[books]
 accounting_basis` ("accrual" or "cash", default accrual) labels report
 footers, and `[books] receipt_threshold` sets the receipt policy unless
-`config.json` sets `receipt_policy`.
+`config.json` sets `receipt_policy`. Members may name a
+`distribution_account`; single-owner businesses may set `[books] close_into`
+(the equity account a close puts net income in; default Retained Earnings)
+and `close_sweep` (draw, distribution, or dividend accounts closed into it).
 
 ## Transports
 
@@ -218,6 +221,18 @@ posting.
     get "Members' equity" with members named; the balance sheet separates
     retained earnings from the fiscal year's net income (loss).
 
+## Tools — chart templates
+
+- `books.chart_template { entity_type, owners? }` → `{ csv, settings_toml,
+  notes }`: a starter chart for a sole proprietorship (incl. single-member
+  LLC), partnership (incl. multi-member LLC), S corporation, or C
+  corporation — the equity and owner-pay accounts that entity needs (owner's
+  capital and draws; per-partner capital and distributions plus guaranteed
+  payments; officer compensation and shareholder distributions; dividends
+  and income tax expense), common income and expense accounts with tax
+  categories, and the `wanderbooks.toml` settings (tax form, members, close
+  target). A proposal: review with the human, then `books.import_chart_csv`.
+
 ## Tools — tax categories
 
 - `books.tax_categories {}` → `{ form?, categories: [{ key, label, kind,
diff --git a/docs/requirements.md b/docs/requirements.md
index f143888..af4b4ec 100644
--- a/docs/requirements.md
+++ b/docs/requirements.md
@@ -126,7 +126,12 @@ requirement conflict, the requirement wins.
   `to`: `CloseTo::RetainedEarnings` (`3999`, the corporate convention;
   `close_period` is shorthand) or `CloseTo::Members` (each member's capital
   account by share, to the cent, the last absorbing rounding: the
-  partnership convention). Periods close in order (`CloseOutOfOrder`). The
+  partnership convention), or `CloseTo::Account` (any equity account, e.g.
+  a sole proprietor's capital). Every target can sweep owner-pay equity
+  accounts — draws, distributions, dividends — into it: a member's
+  distributions account into their own capital. The members' equity
+  statement counts a member's distributions account as part of their
+  capital. Periods close in order (`CloseOutOfOrder`). The
   journal records the target, and replay re-derives the closing entry and
   checks every line against the journal.
 - **R-? — A/R and A/P workflows.** Was R-FUTURE-5.
diff --git a/plan/STATUS.md b/plan/STATUS.md
index 6eefdf5..8eb1f24 100644
--- a/plan/STATUS.md
+++ b/plan/STATUS.md
@@ -221,4 +221,12 @@ interface is MCP, not a cloned GUI. The first storage + MCP slice is done
   deductible percent; the tax summary shows book vs. tax by category and
   every uncategorized account. tax_form comes from config or the tax
   classification. Schema v6.
+- 2026-10-11: Owner equity for every entity type. Chart templates for sole
+  proprietorships, partnerships/multi-member LLCs, S corps, and C corps
+  (equity and owner-pay accounts, tax categories, matching config). Closes
+  sweep draws, distributions, and dividends into their target; partners'
+  distribution accounts count as capital on the members' equity statement
+  and close into it. CloseTo became RetainedEarnings { sweep } / Account
+  { into, sweep } / Members([MemberClose]); journals without a target, or
+  with the old plain "retained_earnings", still replay.