Have your attorney draft a well-written partnership agreement. Business partnerships are like a marriage, but seldom have the same courtship afforded most unions. It is important to draft a partnership agreement with any partner including family members. There are many small corporations that would have been better served in some other legal form. Deposit payroll tax deposits before signing payroll checks.
Some businesses receive penalties for late deposits.
This may have you paying deposits earlier than required, but will eliminate the penalties. Please contact our Webmaster for questions or comments. Inc. All rights reserved.