Be that as it may, partnership status requires that the parties, acting in good faith, undertake their venture for profit or for some other legitimate non-tax business purposes, and that each of ...

HOW TO PAY YOUR PARTNERS - Leaders of both FisherBroyles and a new spinoff firm are offering competing profit-sharing opportunities for their partners in addition to a majority of collections. As ...

Instead of an 80/20 profit-sharing model, it’s an 80/10/10 model - LPs still receive 80% of the profit (as in the traditional model), 10% to the Foundation, and 10% to the Partners.

Boston Globe Media Partners, LLC, the Business Litigation Section of the Massachusetts Superior Court held that profits under a profit-share agreement were not “wages” regulated by the Wage Act.