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rd7630
06-01-2014, 07:50 AM
I have an opportunity to start new business, I have some partnership questions?
My name is Rich my partners name is John we are 50/50 partners.
John contribution to the business is the ability to finance the new venture
My contribution is the ability to build (physical developed and build actual buildings) (value:saving Contractors fee) and manage the new business.
I will receive a salary of 120k a year, gas for auto expense, when we are at 75% potential it is increased to 180K

John is financing 4M, the business will pay all business expense including mortgage on 4M, on top of the
he whats 3% of 4M 120k a year, adjusts with pay down, last part is what Im having a problem with.

morrismartinez
06-06-2014, 10:47 PM
In the current state of the economy with unemployment around nine percent, people are looking for ways to supplement their income. families and individuals alike are attempting to start their own small businesses either in the form of sole proprietor, partnership or an limited liability company (LLC). The legal aspect of forming the business entity can be accomplished with little cost and ease.

KennethPaxton
09-15-2014, 03:19 AM
In the current state of the economy with unemployment around nine percent, people are looking for ways to supplement their income. families and individuals alike are attempting to start their own small businesses either in the form of sole proprietor, partnership or an limited liability company (LLC). The legal aspect of forming the business entity can be accomplished with little cost and ease.

I think it would be a great way for sorting the issue of partnership business startup.

DwightDuncan
10-11-2014, 02:13 AM
Business partners are often start business together with little planning and few ground rules. You must clear all the rules and deals, may clear yourself about the business startup. Communication is very important at every stage of partnership.

printer
10-13-2014, 06:52 AM
I also agree with all of you it is the best way to sort out partnership issues.

ByronHorton
10-31-2014, 01:47 AM
In the current state of the economy with unemployment around nine percent, people are looking for ways to supplement their income. families and individuals alike are attempting to start their own small businesses either in the form of sole proprietor, partnership or an limited liability company (LLC). The legal aspect of forming the business entity can be accomplished with little cost and ease.

Yeah, I agreed with you..

thomasjessie345
11-07-2014, 04:06 AM
If anywhere you feel that you are having a problem in partnership then better clear the matter with your partner or don't get agree to it. Because once you will get agree with the terms and condition you will not be able to leave.

DwightDuncan
12-06-2014, 04:23 AM
If anywhere you feel that you are having a problem in partnership then better clear the matter with your partner or don't get agree to it. Because once you will get agree with the terms and condition you will not be able to leave.

You are absolutely correct. Clear all your matters with your partners before signing any agreement.

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Artisingh1
04-27-2020, 12:43 PM
I have an opportunity to start new business, I have some partnership questions?
My name is Rich my partners name is John we are 50/50 partners.
John contribution to the business is the ability to finance the new venture
My contribution is the ability to build (physical developed and build actual buildings) (value:saving Contractors fee) and manage the new business.
I will receive a salary of 120k a year, gas for auto expense, when we are at 75% potential it is increased to 180K

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07-08-2020, 05:41 AM
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Each partner shares in the organization's profits (and losses) and may share in the business operations decisions.