Question:

Can i pay partner hourly wages while she owns 50 percent of company?

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Me and a close friend are starting up a business 50/50 and I'm familiar with partnerships. She will be doing most of the actual work though and I will be doing accounting and advertising. At the begining she will be doing more work so I wanted to pay her an hourly wage out of the business funds until we can expand and hire someone to fill that position. It seems simple enough. Is it that simple? Is it allowed? What problems could arise?

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  1. Yes you can do that.

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