Ask Question
BusinessBusiness
10 March, 07:59

In partnerships, when should partners determine how profits will be divided?

+4
Answers (1)
  1. 10 March, 09:17
    0
    I believe the answer is: When setting up the business

    When setting up the businesses, each partners would has to sign the documents signifying the percentage of ownership that they have in the business and how the profit is split every year of operation. This document is legally binding, meaning that the partners would not be able to get out from their rights and obligation without facing legal consequences.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In partnerships, when should partners determine how profits will be divided? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A company pays down the account's payable account with $2000 cash. What effect does this transaction have on the asset account? A. Increases B. Decreases C. No effect
Answers (1)
Which statement regarding communication is true? Communication can be practiced by using the 7 Cs. Communication is a hard skill. Communication does not involve nonverbal skills. Communication can be practiced by using the 6 Cs.
Answers (1)
You are saving for a mew TV that costs $1500. If you save $25 a month, how long will it take to reach your goal?
Answers (2)
Disruptive innovations are more likely to come from large companies with extensive resources. a. True b. False
Answers (1)
Walmart's decision to build fulfillment centers illustrates which force in Porter's Five Forces Model? A. bargaining power of suppliers B. threat of substitute products C. bargaining power of buyers (customers) D. threat of new entrants E.
Answers (1)
New Questions in Business
Evan has received permission from his state to form a corporation for his startup, expecting his liability would be limited to the amount of his investment.
Answers (1)
In 2016, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Bubble Inc. had net income of $600,000, assets of $7,000,000, sales of $1,300,000, and debt of 2,000,000.
Answers (1)
What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?
Answers (1)
Jumbuck Exploration has a current stock price of $2.00 and is expected to sell for $2.10 in one year's time, immediately after it pays a dividend of $0.26.
Answers (1)
Smart employers are willing to take risks in implementing innovative policies.
Answers (1)
Home » Business » In partnerships, when should partners determine how profits will be divided?
Sign Up Forgot Password?