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Managing partner's share in profit in a partnership form
Dear Professional colleagues,
I am of the view that a managing partner in a partnership can have any % of profit sharing i.e. if a person has 10% profit sharing ratio also, he can be a managing partner of that firm.
Needed a confirmation regarding the above.
Thanks in advance
Replies (2)
Yes, managing partner can have any percentage of profit sharing
Yes Agree with Neha Agarwal
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