How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Lucy, Esq. Your Own Question
Lucy, Esq.
Lucy, Esq., Attorney
Category: Business Law
Satisfied Customers: 29802
Experience:  Attorney
Type Your Business Law Question Here...
Lucy, Esq. is online now
A new question is answered every 9 seconds

Me and my wife have a general partnership company how should

This answer was rated:

Me and my wife have a general partnership company how should we pay ourselves we work in retail so should we pay ourselves by percentage or hours or what?

My name is XXXXX XXXXX I'd be happy to answer your questions today.

Usually in a partnership, the partners split the proceeds of the company equally. You would also share equally in any losses. So, if there is $1,000 left for the month after deducting expenses, you would each get $500. It's not the same as an employee, who would receive an hourly wage in this sort of situation.
Lucy, Esq. and other Business Law Specialists are ready to help you