Article Date:
May 2008


Word Count:
451

 

 

Individual Proprietorship or Partnership


I am cohorts with two other real estate sales agents. We pool our marketing efforts and expenses and share the revenue. I am concerned that we are a partnership, but my accountant tells me that we simply share some costs and pay referral fees to one another when we sell something. The referral fees just happen to equal two-thirds of the net commission every time. My accountant further states that in his 25 years of doing tax returns for realtors, ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee