If you want to deviate from this, you need to terminate the venture and begin a new one with a new agreement.Um, ok... We just came to a new oral agreement. Wha...
I ended up just changing the income and deductions to a 75/25 split versus a 50/50 to cover the depreciation on my filing so that I showed a small profit and sh...
It's my understanding that "each spouse's interest in the business" is determined by our own partnership agreement, i.e., whatever we want it to be. Can our agr...
