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Tyler and Joe open up Exotic Cuts, an upscale barber shop in the suburbs. They do not enter into an express partnership agreement, but begin
Tyler and Joe open up Exotic Cuts, an upscale barber shop in the suburbs. They do not enter into an express partnership agreement, but begin operating the business together. Tyler puts in $50,000 for start-up costs and Joe is the trained stylist who does all of the haircuts. Assume that the business is very successful. How would the profits be divided?
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