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i am starting a partnership with a friend for computer repair, my wife will do the books, how do i split up the money so we all get paid the percentage we deserve, yet still set aside enough for taxes, how much should i set aside?

2006-07-18 09:20:42 · 3 answers · asked by Anonymous in Business & Finance Small Business

3 answers

Taxes are paid by each of you individually on your 1040's. The partnership will provide a K-1 outlining income and expenses for each of you.

You should really seek a tax professional

2006-07-18 09:30:16 · answer #1 · answered by 3eleven 4 · 0 0

You really should see a lawyer to get a partnership agreement prepared.

2006-07-18 17:11:02 · answer #2 · answered by David G 1 · 0 0

hi, here is a specialized webpage containing 10 methods making money online or doing business online.

http://www.adcenter.net.cn/make-money-online.html

maybe that will help you or give you some bright idea.

Best Wishes && Good Luck!

2006-07-19 05:42:07 · answer #3 · answered by love_home_business 3 · 0 0

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