Capital Contribution
The General Partner and the Limited Partners make a Capital Contribution
in exchange for a General or Limited Partnership Interest. Capital
Contributions can be made up of contributed cash, property (any
contribution of property must include a description of the property),
promissory note or services rendered. Capital contributions can also
consist of other obligations to be contributed by Limited Partners(s) in
the future, cash, property (any contribution of property must include a
description of the property) and services to be performed. Typically,
the General Partner’s Capital Contribution may be a nominal amount, such
as one percent (1%) of the total Capital Contribution. Also, the General
Partner’s Capital Contribution may consist of future services.
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