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    kennacey's Avatar
    kennacey Posts: 1, Reputation: 1
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    #1

    Mar 28, 2008, 04:32 PM
    Disposition of Assets in Partnership Dissoultion
    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?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Mar 29, 2008, 04:25 AM
    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
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