as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how do owners in a partnership earn income?
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the partnership agrees to pay each of you salaries and/or bonuses, typically based on the net profit brought in. you do have a legal document setting out the rules for this partnership, right? if so, the exact answer should be in there. if you don't or it isn't, you need a lawyer yesterday.
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