Huang has agreed to become a partner in his cousin's waste management business. Since he provided 30 percent of the money to start the company and built an air-conditioned garage, he is entitled to 30 percent of any profits the company earns during its first year of operation.

Question

Quizplus · Accepted Answer

The division of profits in a partnership is negotiable and is not necessarily tied to the amount of the initial investment.

Huang Has Agreed to Become a Partner in His Cousin's