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That would depend on what they bring to the table. They may bring;

Cash

Assets, such as an existing business

Skills

Business Contacts

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14y ago

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What is a 3 x 1 Split?

3***************************************As it is a split, it could mean that one business partner gets three quarters, while the other partner gets only one quarter. (I assume on net profits? Without more info. in the question, I can't be more specific.)


How do you split assets when one partner leaves a business if a large asset is useless to the person departing?

If one partner is leaving and there are large assets, you have the other partner buy your portion out. If they can not do so, the business is bankrupt, unless you are willing to float a loan to cover the cost of you leaving. I would probably advise against that as the business probably needed both parties to run and I have rarely seen a partner that quits get their money long term if loaned. The business almost always fails and you get less then the person that stayed.


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Shakira and her partner Gerard Piqué have not split up. They are still together as of my latest information.


Who bought Michael Jackson's Neverland Ranch?

It's split between Colony Capital LLC and Michael's estate.


What is effect of corporate action on balance sheet?

The effect of corporate action on Balance sheet is:Stock Split: The number of shares outstanding increases.The face value of stock decreases(Equals Value divided by the stock split factor)No Cash Comes to the company.Retained Earnings and Share Capital remains the sameBonus Issue: The number of shares outstanding increases.The face value of shares remains sameNo cash comes to the companyShare capital and paid up capital increases but retained earningsdecrease.


Who or what service can you hire to help split your partnership business equally into two?

A professional business planner can help you split your partnership equally into two.


What was the capital of North and South Korea before they split?

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What happens when you have split from your partner and he doesnt want the house?

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First of all, you register the Partnership Firm with Registrar of Partnership (under Indian Partnership Act, 1937) giving the particulars of Partners, their contribution to capital, their addresses etc, and register the 'Partnership Deed' and submit. Get the 'Certificate of Commencement of Business' and then purchase the business, which wants to split to partnership Sell all the legal accounts to Partnership firm and close down the sole trading concern/HUF


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South Africa has Pretoria (Administrative), Cape Town (Legislative), and Bloemfontein (Judicial). Are other countries with a split capital like that?


How can we effectively split the mortgage with our partner?

To effectively split the mortgage with your partner, you can consider dividing the monthly payments based on each person's income or financial contribution. You can also create a joint bank account specifically for the mortgage payments, and set up automatic transfers from each person's individual account. It's important to communicate openly with your partner about financial responsibilities and come to a mutual agreement on how to split the mortgage fairly.