2006-08-01 11:47:07 · 7 answers · asked by Microbeast 5 in Business & Finance ➔ Small Business
My partner keeps telling me that there needs to be one person in the partnership that has at lease 1% more of the ownership to be legal.
2006-08-01 12:20:25 · update #1
There can be any number of partners with any combination of ownership %.
2006-08-01 11:51:47 · answer #1 · answered by 3eleven 4 · 0⤊ 0⤋
Anything is possible in today's sports world. Since the Cubbies haven't done much of anything in over a century and the fact that the White Sox seem to be the competitive franchise, it could happen. The down side for historical reasons would be the loss of Wrigley Field. Of course no one believed that the old Yankee Stadium would one day be just a memory. Such is the world of sports business. It would be hard to imagine no Wrigley Field or for that matter no more Fenway Park. I think it would be a different story or no story at all if the Cubs were winning pennants and a world series now and then. Of course that hasn't happened.
2016-03-27 13:29:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, not at all. However, it may be advantageous. Say you are partnering with your wife. Have her the majority shareholder. That way you can get tax breaks as a female owned business, and apply for small business grants.
2006-08-01 15:43:23 · answer #3 · answered by Christopher B 6 · 0⤊ 0⤋
No almost all partnerships are 50/50.
2006-08-01 11:53:05 · answer #4 · answered by karen wonderful 6 · 0⤊ 0⤋
No. Have you ever heard of an equal partnership?
2006-08-01 11:51:59 · answer #5 · answered by Gail S 3 · 0⤊ 0⤋
You can essentially create any ownership structure.
2006-08-01 12:01:59 · answer #6 · answered by Mikey S 2 · 0⤊ 0⤋
No.
2006-08-01 11:50:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋