tvernier
New Member

Business & farm

In my situation I am a partner for a small business however due to it being a medical practice we were advised by a business attorney that it would be easier to list the physician as the owner and make a partnership contract where I would receive 50% of all profit.  So, we each own 50% of the business however he is the only listed owner. So when we filed the business taxes they were done with the listed owner. So he is getting a refund back and I would like to know if we should split that refund 50/50?