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A partnership agreement defines how the partners will be compensated. Normally,

burish

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A partnership agreement defines how the partners will be compensated. Normally,

A partnership agreement defines how the partners will be compensated. Normally,
A) partners are not entitled to salaries or wages, but are compensated by a share of the profits of the business.
B) the general partner's salary is set at two times the salaries of the limited partners.
C) both general and limited partners are permitted salaries, but all silent or dormant partners are compensated only by sharing in the profits.
D) while the agreement establishes payout schedules, it does not spell out what constitutes profit.

Textbook

Essentials of Entrepreneurship and Small Business Management

Edition: 6^th

Author: Scarborough

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burish Author

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7 years ago

Thanks for your help!!

aricketts6@

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This helped my grade so much Perfect

dri

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Correct

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