Posts Tagged ‘Profits’

How would this partnership business work in terms of who gets the profits?

Thursday, July 31st, 2008
Ryder asked:


Let’s say two people start a t-shirt business… one of the people doing the business is an artist who does the designs for the company, such as designs for the shirts. When these shirts get sold ($40 for a shirt for example), and the t-shirt is paid for, how is the money split among the two who is running the business?