dain is a limited partner in eco baits, a pest control service organized as a limited partnership, which cannot pay its debts. dain is liable for the debts

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19-12-2022
Business

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dain is a limited partner in eco baits, a pest control service organized as a limited partnership, which cannot pay its debts. dain is liable for the debts

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Nitin210 Nitin210 · Answer 1 · 2022-12-21T23:16:16-05:00

Eco Baits, a pest treatment company set up as a limited partnership but unable to pay its debts, has Dain as a limited partner. In proportion to his capital contribution, Dain is responsible for the debts.

Describe capital contribution.

A capital contribution is the sum of money or other assets that an owner contributes to the business at the business' founding or at any other time throughout the business' existence.

Contributed capital is the same thing. When a corporation offers equity shares based on a price that shareholders are ready to pay for them, investors make capital contributions. The total amount of paid-in capital or contributed capital denotes each investor's ownership interest in the business.

Contributed capital can also refer to the stockholders' equity line item on a company's balance sheet, which is frequently displayed next to the balance sheet entry for additional paid-in capital.

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