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In a limited partnership, when it is wound up and the assets are distributed, how does a limited partner (lets say Charles) who is also a creditor receive his assets back? Lets say he had contributed $1,000 loan as a creditor in addition to his contributed capital. Would he receive only his $1,000 loan first and then the rest when it is the partners' turn?
Write on topic Enterprise and entrepreneurship, choosing the right legal structure, conducting start up market research, costs revenues and profit and break-even analysis
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