How does a partnership in a business work 2024?
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Studied at the University of Manchester, Lives in Manchester, UK.
A partnership, as different from a corporation, is not a separate entity from the individual owners. The partnership income tax is paid by the partnership, but the profits and losses are divided among the partners, and paid by the partners, based on their agreement.
2023-05-16 00:38:58
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Isabella Davis
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A partnership, as different from a corporation, is not a separate entity from the individual owners. The partnership income tax is paid by the partnership, but the profits and losses are divided among the partners, and paid by the partners, based on their agreement.