Blake is an investor in a nonpublicly traded limited partnership. He invested $50,000 in cash and is personally liable for $5,000 of the partnership's debt. What is Blake's capital at risk in the partnership

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10-01-2022
Business

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Blake is an investor in a nonpublicly traded limited partnership. He invested $50,000 in cash and is personally liable for $5,000 of the partnership's debt. What is Blake's capital at risk in the partnership

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Tundexi Tundexi · Answer 1 · 2022-01-24T10:43:07+01:00

Blake capital at risk is limited to $50,000 because the limited partners or investors are not personally liable for business debts.

What is the position of Blake in the partnership?

In this case, Blake is an investor in a non-publically traded limited partnership and he is treated as a limited partner.

In practice, the liability of limited partner is limited to their extent of their investment.

Hence, Blake capital at risk is limited to $50,000 because the limited partners or investors are not personally liable for business debts.