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Do you have a written partnership agreement that provides he shall work and draw a salary for that work? Does the partnership agreement address recourse for breach of the agreement? Does the partnership agreement address removal of a partner of dissolution of the partnership?
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I can't read your chat but one sentence at a time, small window and didn't see it. No, we do not have a written contract.
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Different contributor here. Please permit me to assist.Is your business registered with the state as a limited partnership (LP), limited liability partnership (LLP), limited liability company (LLC), or corporation (INC))?If not, then is your partnership based on a "handshake," or do you have a written partnership agreement?Thanks in advance.