Comments on: How To Split Business Income Between Partners http://wpbloghost.com/blog/how-to-split-business-income-between-partners/ Fri, 03 Sep 2010 22:57:06 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Barbara Swafford http://wpbloghost.com/blog/how-to-split-business-income-between-partners/comment-page-1/#comment-496 Barbara Swafford Thu, 11 Sep 2008 06:36:50 +0000 http://wpbloghost.com/blog/?p=196#comment-496 Hey John, Did you read the fine print? Brains (that would be me) always gets paid more. :lol: <em>Barbara Swafford's last blog post..<a href='http://feeds.feedburner.com/~r/bloggingwithoutablog/DWWZ/~3/389361634/' rel="nofollow">You Have The Whole World In Your Hands</a></em> Hey John,

Did you read the fine print? Brains (that would be me) always gets paid more. :lol:

Barbara Swafford’s last blog post..You Have The Whole World In Your Hands

]]> By: Theresa http://wpbloghost.com/blog/how-to-split-business-income-between-partners/comment-page-1/#comment-495 Theresa Mon, 08 Sep 2008 20:36:09 +0000 http://wpbloghost.com/blog/?p=196#comment-495 Hi Cath Sorry to hear about your Ex, that's got to be the worst when they have equal control in the finances and things go wrong. Yeah having a trustworthy business partner is an essential start to structuring a business. Hi Cath
Sorry to hear about your Ex, that’s got to be the worst when they have equal control in the finances and things go wrong. Yeah having a trustworthy business partner is an essential start to structuring a business.

]]> By: John Hoff http://wpbloghost.com/blog/how-to-split-business-income-between-partners/comment-page-1/#comment-494 John Hoff Mon, 08 Sep 2008 20:10:56 +0000 http://wpbloghost.com/blog/?p=196#comment-494 Hey I don't think I like this brains over brawn theory thing! I didn't see that anywhere in the Nevada Revised Statutes! hehehe I think Cath brings up a good point as to why it's also good to get your partnership spelled out in the beginning (in writing) - even if it's with a family member, though with family most people will never do that. @ Cath - that really sucks ass! Hey I don’t think I like this brains over brawn theory thing! I didn’t see that anywhere in the Nevada Revised Statutes! hehehe

I think Cath brings up a good point as to why it’s also good to get your partnership spelled out in the beginning (in writing) – even if it’s with a family member, though with family most people will never do that.

@ Cath – that really sucks ass!

]]> By: Cath Lawson http://wpbloghost.com/blog/how-to-split-business-income-between-partners/comment-page-1/#comment-493 Cath Lawson Mon, 08 Sep 2008 18:24:32 +0000 http://wpbloghost.com/blog/?p=196#comment-493 Hi Theresa - This is an excellent explanation and a really good idea on how to break down the wages and responsibilities. I've had really bad experiences in business partnerships - particularly with my ex-husband and it really has put me off them altogether. Not only was he meeting another woman whilst I was saving his almost bankrupt business but he also emptied the account twice. I think partnerships could work well if folk take the advice you've given in this article. And they also need to make sure they choose a trustworthy business partner. <em>Cath Lawson's last blog post..<a href='http://feeds.feedburner.com/~r/SuccessPasscode/~3/386794301/' rel="nofollow">A Kick Ass Way To Get Your Novel Published</a></em> Hi Theresa – This is an excellent explanation and a really good idea on how to break down the wages and responsibilities.

I’ve had really bad experiences in business partnerships – particularly with my ex-husband and it really has put me off them altogether. Not only was he meeting another woman whilst I was saving his almost bankrupt business but he also emptied the account twice.

I think partnerships could work well if folk take the advice you’ve given in this article. And they also need to make sure they choose a trustworthy business partner.

Cath Lawson’s last blog post..A Kick Ass Way To Get Your Novel Published

]]> By: Theresa http://wpbloghost.com/blog/how-to-split-business-income-between-partners/comment-page-1/#comment-492 Theresa Mon, 08 Sep 2008 16:49:07 +0000 http://wpbloghost.com/blog/?p=196#comment-492 Hey Barbara, Thank you for your comment. It is my first post and I’ve been procrastinating writing it brainstorming on a couple different subjects. Hopefully, business owners will find this information helpful. As John previously mentioned our family also has a landscaping business and it can get complicated when doing business with family members, especially around tax time! That’s why it is so important to iron these things out before you start your business. ha ha …I like your wage distribution theory, sounds fair to me! Hey Barbara,

Thank you for your comment. It is my first post and I’ve been procrastinating writing it brainstorming on a couple different subjects. Hopefully, business owners will find this information helpful.

As John previously mentioned our family also has a landscaping business and it can get complicated when doing business with family members, especially around tax time! That’s why it is so important to iron these things out before you start your business.

ha ha …I like your wage distribution theory, sounds fair to me!

]]> By: Barbara Swafford http://wpbloghost.com/blog/how-to-split-business-income-between-partners/comment-page-1/#comment-491 Barbara Swafford Mon, 08 Sep 2008 08:06:05 +0000 http://wpbloghost.com/blog/?p=196#comment-491 Hi Theresa, What a wonderful "first" post. I do agree, business structure can help or harm a business. And you're right, it's not always a 50-50 split. Years ago we started our business as a sole proprietorship, but then changed it to an S corp. I feel more comfortable with this structure. Although in our business it's just my husband and myself, we have assigned duties. I'm the brains and he's the brawn, so I get the highest wage. :) <em>Barbara Swafford's last blog post..<a href='http://feeds.feedburner.com/~r/bloggingwithoutablog/DWWZ/~3/386389929/' rel="nofollow">Reflecting On Our Online Presence</a></em> Hi Theresa,

What a wonderful “first” post.

I do agree, business structure can help or harm a business. And you’re right, it’s not always a 50-50 split.

Years ago we started our business as a sole proprietorship, but then changed it to an S corp. I feel more comfortable with this structure. Although in our business it’s just my husband and myself, we have assigned duties. I’m the brains and he’s the brawn, so I get the highest wage. :)

Barbara Swafford’s last blog post..Reflecting On Our Online Presence

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