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What is Partnership Capital and Profit Sharing about?
The partnership capital is equally contributed by Melissa Merlita and Wander Walter, each providing PHP 200,000. Both partners maintain a joint capital account and share profits and losses equally, with any assets acquired being co-owned. Withdrawals from the joint account require mutual consent, and profits may be deposited into a jointly maintained income account or separate accounts as agreed.
- Author
- dustinkim0912
- Language
- EN