Hi everyone,

I apologize if I am posting this in the wrong place. And I hope some of you are still awake and can help me figure out something that's probably clear as day to you. My business partner and I have an LLC and I am withdrawing from it. The LLC has a $10K line of credit balance, and $8K debt on the credit card, for a total of $18K.

My partner's position in the firm is negative at -$16K. My position is positive at $6K, based on invoices I have never been paid. We have assets (computers and other small gear) valued at roughly $3K.

Now that I am withdrawing, we're trying to divide the debt. Based on the numbers above, what is my share of the LLC's debt?

I come up with the number of $4K, excluding the value of our assets. Am I right?

Thanks a lot!