How is compensation determined in a partnership?
Posted on Tuesday, May 4th, 2010 at 5:15 pm
When a group of people chooses to form a partnership, they often need to consider a number of issues. One of the most important issues is compensation.
In some cases, the partners will each receive an equal amount of compensation. However, partners may choose to receive different compensations. One of the reasons for receiving different amounts is that each partner may bring different assets into the business.
For instance, one partner may entrust the business with a building and request greater compensation for his asset. On the other hand, one partner may bring more professional expertise to the partnership, and for that reason, request a greater compensation.
If your partnership has questions about compensation issues, contact the Des Moines business attorneys of LaMarca Law Group, P.C., at (877) 327-2600.