How do you consider profits sharing as a benefit in a partnership business .
- Thread starter Stardom22
- Start date
The profit sharing system in this business partnership is profitable, especially if we as product owners and can build a lot of partnership networks then it will be profitable to increase sales.
Of course the profit that we share has been calculated properly, this does not increase the selling price, but reduces our profit share. As much as possible the selling price should not be too high so that it is still accepted by customers.
Profits deriving from a business venture that is jointly owned are shared in accordance with the agreement the owners made before starting the business. Owing to various factors, such profits may not be necessarily shared equally.
The truth is that every partnership business must have an agreement how profits would be shared. And profits must be shared according to that agreement. Such an agreement must be properly documented to avoid issues that may arise.
Yes, what you say is true. It is very important to make a black and white and stamped agreement, so that it has legal force if one day a problem occurs.
People can change their mouth and shift grounds when once money is involved. That is the very reason you have to make an agreement supervised by an authorized legal practitioner when doing partnership business
Yes, you are very right, because most people today are very greedy when it comes to money. Not even a few of them dared to cheat for money, because it is very important to take preventive action.
That is why people are scared of partnership businesses sometimes. It can be mentally draining. There are even cases of business partners going diabolical to get financial advantage over the other partner.
