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Business Partnership

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1Business Partnership Empty Business Partnership Thu May 17, 2018 8:06 pm

THPD


Arresto Menor

Hi Atty,

We are about to close our small business - Carinderia. I need to know how to settle the partnership percentage of the investment/puhunan of each partner.
We are 3 friends, started planning to put up the carinderia business May 2017, which opened last August 2017. Each of them shelled out Php15,000 each. I shelled out Php 90,000.

I went to UK last July 2017, which left my 2 friends to open and manage the carinderia for 6 months.
I came back 2nd week of January 2018 and quickly went into checking the operations and management of the business. Eventually, shelling out another (at least) Php 30,000 more.
There were work ethics and work attitude differences. 5 weeks after (March 2018), I decided to leave the management/operations back to my 2 friends.

Now, May 2018, the business is about to close, for a couple of reasons more.
NOTE: I did not get any centavo from the small profits (as they claim) from the carinderia, from the time it opened until today.

I am the signee on the lease contract which will run until July 2018.

I need to know how to settle the partnership percentage of the investment/puhunan of each partner.
1. If we sell all the items in the carinderia.
2. How to settle the remaining 2 months in the lease.

Please help.

2Business Partnership Empty Re: Business Partnership Sun May 20, 2018 10:58 am

attyLLL


moderator

whatever is left of the assets after reducing the liabilities, you can divide that on the basis of the share of each. the remaining balance of the rent can be considered a liability

https://www.facebook.com/BPOEmployeeAdvocate/

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