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a SIX sentence DQ response to this would be great Many businesses have worked independently but there are some businesses who have two or more

a SIX sentence DQ response to this would be great
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Many businesses have worked independently but there are some businesses who have two or more people working together and that it known as partnership. The reason being for the importance of partner ownership percentage is that they help "determine what profits each individuals are qualified for" (Prakash 2020). The owners examine the amount of money they made and also examining their partners profit to see if their net income are rising due to them taking care of the business together. As for net loss, the owner has to do the same thing as net income except they may think about forming the partnership to do business. While two individuals get the 50/50 split of partnership in the business, one of them has an 80% of required on-going work due to their differences of their "capital equity acquired" (Weygandt and Kimmel 2020). The only way to control the % ownership is to have a withdrawal of a partnership. Withdrawing may dissolve the business but it also dissolve the partnership between the owner and their partner from working on the same business. They may as well move on with other lives they have to attend like starting a new business or something

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