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Updated almost 6 years ago,
Net worth calculation as an LLC partner
Hi Fellow BPers,
How is personal net worth calculated when you are a partner in an LLC? Assuming I owe 25% in an LLC that owns and operates a hotel, I take into account the value of the property (25% of my share worth) BUT do I also take into account liability which is the mortgage loan amount issued to the hotel as well (25% my share of loan amt)?
Any advice is appreciated please.
Thank you.