How do you consider profits sharing as a benefit in a partnership business .

[Stardom22]

This is simply the fact that profits accrued in the business is divided by 50% among the partners.

 

[Niyi Briggs]

In my place, people are used to one-man business. The idea of sharing profit is alien to them. That's why our business sector is largely underdeveloped.

 

[Passiveearner]

This is simply the fact that profits accrued in the business is divided by 50% among the partners.

I think that this benefit is not really a benefit in a real sense. This is because profit is shared after considering the proper ratio and share of investments.

 

[Shavkat]

Honestly, profit sharing is not for me to incorporate in my future company. Since I am the owner of the business why should other have the profit sharing. They can be paid with their respective salaries.

 

[nomad]

Profit sharing or loss sharing should be based on the percentage of your investment.

 

[hastral45]

This is simply the fact that profits accrued in the business is divided by 50% among the partners.

It is not all partnership that use to share their profits in the ratio 50/50. Their profits sharing is dependent upon agreement made in the partnership deeds.

 

[Suba]

A partnership business can consist of two or more people, so it is not possible to share 50% of the profits for each partner. Before the partnership is formed, a written agreement must be made, if necessary, with a notary, how much profit must be retained for business continuity and how much profit must be shared. Profits that must be shared will be distributed to each partner in accordance with the amount of paid-up capital.

 

[flower]

The profit sharing of each and every business is very important and you can give a typical example of a profit sharing platform on YouTube because it is revenue-sharing program.

 

[Springtime]

Profit sharing or loss sharing depends on the percentage of investment by partners. This should be written down clearly in an agreement. In addition to profit sharing, individual partners may also get a monthly salary if s(he) is involved in the day to day operation of the business.

 

[Bisolami]

Profit sharing or loss sharing depends on the percentage of investment by partners. This should be written down clearly in an agreement. In addition to profit sharing, individual partners may also get a monthly salary if s(he) is involved in the day to day operation of the business.

It truly depends on the Investment of the partners and that is why it is sometimes good to invest a reasonable amount of money so that you will be able to get a reasonable amount of profit

 

[cherry123]

Yes it is good to promise the other partners some forms of profit to get them interested. nobody want to get involved in a business without getting out some forms of benefits

 

[eldavis]

It depends on the agreement by both parties though, cause lets be honest if one party does 90% of the work, they would not be willing to share the profit equally. This is why proper agreement has to be made before venturing in the business.

 

[Knowledge Quest]

In my place, people are used to one-man business. The idea of sharing profit is alien to them. That's why our business sector is largely underdeveloped.

This is mostly due to greediness. Everyone wants to make much profit by themself without sharing to others .

 

[IB D]

It is a good thing of the two partners in combination were able to build a profitable business. It is time for them to reap the rewards. I love partnership businesses.

 

[SHAHID987]

Every individual may have their own experience, but I must say that it's better to run a business alone because mostly I saw as two close friends turned enemy after a partnership business.

 

[Etini Willie]

It is a good thing to share profits because the liability of the business would be spread round too. It also helps for easy expansion because it would be easy for the partners to commit financial resources to the business being that they always receive profits from it.

 

[Bisolami]

It is a good thing to share profits because the liability of the business would be spread round too. It also helps for easy expansion because it would be easy for the partners to commit financial resources to the business being that they always receive profits from it.

There was a time when my friend told me that the supermarket he works with shares profit with the staffs and I think it makes sense that way and even a way for the staffs to be more loyal to them

 

[fcbetting]

Why it should be 50-50? It can be different ratio depends who do more or what. Example you and friend are forum owner. You take care about payouts, programming, seo. He is only moderator.

 

[Bisolami]

Why it should be 50-50? It can be different ratio depends who do more or what. Example you and friend are forum owner. You take care about payouts, programming, seo. He is only moderator.

You are right and there are even some people who are showing more effort than the other people in the same business so the amounts they should share should not be the same

 

[fcbetting]

If I work with somebody on some project, like website, I would consider place my banners and place his banners. That we can count how many clicks who got and check money.