Running Head: MEMO n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n 1
ACC 405 Final Project Two
ACC 405
SNHU
August 13,2022
MEMO n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n n
n n n n n n n n n n n n n n n n n n n n n n n 2
Date: August 12, 2022
Subject: Splitting of profits among the business partners from year one of the business
In the partnership business context, clarity terms of profit distribution and the payment in
of salaried vital. These elements have the potential ensure that all the partners are able is to to
derive value from e business and the partnership concern function smoothly (Du al., th can et
2018). The memo designed help a new client involving three partners that the first-year is to so
profits be can distributed among them.
Allocation of Profits
(A) the specific partnership business context, the first profits amounting to USD In year’s
1,50,000 must be evenly distributed between the three partners. It is because each of the members
is to in contributing the partnership the form of cash, day- -day business operations and using to
experience and attracting new clients. Thus, based on the diverse contributions made by Alan,
Bob, and Carol, they must be allocated USD 50,000 of the business profits.
