Thread: Profit sharing
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Old 02-22-2001, 10:14 AM
John Allin John Allin is offline
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Join Date: Sep 2000
Location: Erie, PA
Posts: 1,489
Yes. But it requires considerable documentation and you'll have to open the books to whomever is participating so you can justify what they get from the overall profit. For a small business that can be tough - both from an emotional standpoint and from a documentation standpoint.
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