![]() ![]() This will allow the partnership to reflect the new members of the partnership. Whenever a new partner is admitted to the partnership, a new capital account must be opened for him or her. A bonus is the difference between the value of a partner’s capital account and the cash payment made at the time of that partner’s or another partner’s withdrawal. Based on how a partner is admitted, oftentimes the admission can create a situation to be illustrated called a bonus to those in the partnership. The new partner’s investment, share of ownership capital, and share of the net income or loss are all negotiated in the process of developing the new partnership agreement. If the new partner buys an existing partner’s entire interest, the existing partner leaves the partnership. ![]()
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