02-23-2009, 05:56 PM
Thanks for ur reply.
But I am still confuse. My senario is Partnership deeeds doesnot say any thing abt contract. It only says profit percentage of 4 partners. It doesnot say anything about salary. We are paying only 2 partners who are actually working in the office. Other 2 doesnot have any say in operation as they are not present here. (They may be called as sleeping partner)
But I am still confuse. My senario is Partnership deeeds doesnot say any thing abt contract. It only says profit percentage of 4 partners. It doesnot say anything about salary. We are paying only 2 partners who are actually working in the office. Other 2 doesnot have any say in operation as they are not present here. (They may be called as sleeping partner)