Section 401(d) of RUPA provides that “a partner is not entitled to remuneration for services performed for the partnership, except for reasonable compensation for services rendered in winding up the business of the partnership”; UPA Section 18(f) is to the same effect. A partner gets his money from the firm by sharing the profits, not by a salary or wages.
You are here
Home » Law for Entrepreneurs » Partnership Operation and Termination » Operation: Relations among Partners » The Rights That Partners Have in a Partnership
Right to Compensation