Legal Question in Business Law in Wisconsin
Starting a new business, 2 partners, 1 partner will be working 40 hrs per week the 2nd partner will be working 20 hrs per week because he has another parttime job. What is the legal or fair way to pay the partners(Owners)
Asked on 2/09/11, 1:26 pm
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
As a Franchise Attorney I can say this. The answer comes down to what the partners agree is fair. One way is to determine the hourly value of each partner and pay them for the hours they work. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Answered on 2/10/11, 7:56 am
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