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Partnerships are not normally taxed, per se, but partners are taxed on their share of the partnerships profits. A taxable share of profits is can be significantly less that cash received, and this is more likely to be true in the early stages of the business with cash is required to finance working [[capital]] and growth.
Partnerships are not normally taxed, per se, but partners are taxed on their share of the partnerships profits. A taxable share of profits is can be significantly less that cash received, and this is more likely to be true in the early stages of the business with cash is required to finance working [[capital]] and growth.
== See also ==
*[[Corporation]]
*[[Company]]
[[Category:Business]]
[[Category:Business]]