is it possible to have 2 people
collecting the profits
say 2 people buy a 100 000, dollar business
can each person pay 50 000
and share the profits?
2007-03-09 11:17:50 · 3 answers · asked by Anonymous in Business & Finance ➔ Small Business
Yes. An agreement would have to be drawn up for it. But it might present some problems. What happens when you do not agree, how do you handle an impasse ?? A business relationship is just as challenging as any family relationship.
2007-03-09 11:27:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Don't do anything without a lawyer laying everything out in black and white! My husband and I went in a partnership with another couple. The partnership lasted just over a year, and the friendship was over. If you want to keep a friend, don't go in business together. As a footnote,:most businesses don't show a profit in the first year.
2007-03-10 02:58:18 · answer #2 · answered by Pat C 7 · 0⤊ 0⤋
if u invest equally and make agreement that u all work on particular sector then profit will be share
2007-03-09 19:35:42 · answer #3 · answered by kumar_subodh1984 2 · 0⤊ 0⤋