Our family partnership is being dissolved. Once we get the assets liquid (cash), would it be proper to distribute assets based on pro-rata capital account balances or according to the profit/loss/capital interests as reported on the K1 forms?

Hello k:

I don't know about no pro rata capital account or your profit and loss capital stuff.

If one guy owns 25% of the company - he get's 25% of the assets.

excon