How does compensation work in a partnership?
Answers:
It works by depositing all profits in a bank account, and each of two partners is entitled to one-half; and the bank makes sure the rules are followed. Bill and his twin Jim do it that way, the only problem being that Jim's wife Mary is a horrid woman and intimidates Bill into sharing more than he ought, and has enough clout in the bank to make them follow her rules more than the others.
Your question does not make sense to me.
It must be defined in the partnership agreement. It's totally up to the partners.
It works with an agreed sharing ratio as agreed in the partnership deed. this ratio is the amount contributed by the partner. when a partner has a claim, such claim/compensation is made based on the percentage of contribution.
there should be a partnership agreement that details what each partner has in terms of share of the partnership profits and losses.
It is also possible that a partner is salaried only
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