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partnership

  1. Which method yields lowest taxes for 2 partners?

    Taxation
    I have a friend who wants to help me with my contracts. We live in BC and are trying to setup a configuration that works best when it comes to taxes. What we have in front of us are the following options: Each of us forms a Sole Proprietorship and get paid directly by clients Each of us forms...
  2. Business Partnership Profit Sharing

    General Discussion
    Hello forum readers. I'm 1 of 4 partners in an equal share partnership. 25% each. We are all responsible for any liabilities or debts equally. It's been a fantastic year for us in business (1st year in business) and we have no debts. In fact there's around $40,000 in profit to be shared. This...
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