Debra is a limited partner in eco baits, a pest control service organized as? a limited partnership, which cannot pay its debts. debra is liable for the debts
C) to the extent of her capital contribution to the firm.
What does capital contribution mean?
In business and partnership law, contribution may refer to a capital contribution, which is an amount of money or assets given to a business or partnership by one of the owners or partners.
The capital contribution increases the owner or partner's equity interest in the entity.
Capital can include cash, accounts receivable, equipment, and even physical property.
Naturally, putting the words together, a capital contribution is a member's contribution of assets, usually cash, into the LLC.
