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What does Cash and Property Partner Contributed to Partnership mean?
Is this where I put cash I had to put into business to make bills each month because business did not make enough to pay the bills? What what is the property part mean?
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What does Cash and Property Partner Contributed to Partnership mean?
Yes, Partner Capital is any of the following
- Initial and subsequent contributions by partners to the partnership, in the form of either cash or the market value of other types of assets (Property)
- Profits and losses earned by the business, and allocated to the partners based on the provisions of the partnership agreement
- Distributions to the partners
Property is the other assets you contribute to the partnership.
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What does Cash and Property Partner Contributed to Partnership mean?
Yes, Partner Capital is any of the following
- Initial and subsequent contributions by partners to the partnership, in the form of either cash or the market value of other types of assets (Property)
- Profits and losses earned by the business, and allocated to the partners based on the provisions of the partnership agreement
- Distributions to the partners
Property is the other assets you contribute to the partnership.
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