Quote:
Originally Posted by fcmoney
You should hire and contact with lawyer and see with corporation is good for your business! Don't go with partnership if you don't trust people! better get Limited Liability company LLC status! So you know that each person must contribute not only contribute but must contribute! money, property, labor or skill, and expects to share in the profits and losses of the business.
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Hi buddy, wanna get clear about one thing.. Is there anything like every person in the partnership should contribute every part of the business.. I see many partnerships like people can act as working partner where one of the partners contribute skills other contributes money.
Wat does the partnership tax meant for those kind of partnerships...