What is capital contribution in Case of LLP/ partnership firm
This query is : Resolved
20 October 2024
what is capital contribution in case of LLP/partnership firm,Please reply
21 October 2024
Capital contribution refers to the initial investment or contribution made by partners towards the formation and operation of the business. It represents the financial resources that partners invest in a business, which can be in the form of cash, property, or other assets. Each partner's contribution often reflects their ownership stake and can impact profit-sharing, decision-making, and liability within the firm.
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