Accountancy, asked by rachanasau1gmailcom, 1 month ago

what is guarented partners

Answers

Answered by diyapardhi2006

Explanation:

Guaranteed payments to partners are payments meant to compensate a partner for services rendered or use of capital. Essentially, they are the equivalent of a salary for partners or limited liability company (LLC) members. ... In fact, such payments constitute a net loss for the partnership.

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