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Business Essentials

How To Split Profits in a Small Business Partnership

July 24, 2023
5 min read
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pening a small business may seem like a lonely endeavor, and operating a small business alone can be even more daunting. Entrepreneurs often find community in the support they receive from friends and family, loyal customers, and investors. That said, a small business partnership can be one of the most exciting forms of community for small businesses.

In a small business partnership, you split the responsibilities and profits with a business partner as you work together to help each other and your business thrive. This can be a relief for many entrepreneurs frustrated by going it alone. But it can also be difficult to navigate.

In this article, we'll break down the ins and outs of partnership profit sharing so you can determine if it's righ