michele
Level 7
06-19-2020
02:57 PM
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I have 50/50 partners that did not have a partnership agreement. Only one partner put up the capital.
They have had the business about 2 years and are closing it generating a $20,000 loss. Is the one partner entitled to a portion of the loss since he did not put up anything and there was no agreement.
thx
Michele
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