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LSDefine

Simple English definitions for legal terms

distribution of profits

Read a random definition: Mistake

A quick definition of distribution of profits:

Distribution of profits: When a group of people work together to make money, they need to decide how to share that money fairly. This is called the distribution of profits. For example, if a group of friends start a lemonade stand and make $10, they might agree to split the money equally, with each friend getting $2.50. In a bigger business, like a company or partnership, there is usually a written agreement that outlines how the profits will be shared among the members or employees.

A more thorough explanation:

Distribution of profits refers to the allocation of profits among partners of a partnership, members of a Limited Liability Company (LLC), or employees in a company, according to the terms specified in a profit-sharing agreement.

  • ABC Partnership has three partners, and they have agreed to distribute profits equally among themselves.
  • XYZ LLC has five members, and they have agreed to distribute profits based on their ownership percentage.
  • XYZ Corporation has a profit-sharing plan for its employees, and the profits are distributed based on the employee's salary and years of service.

These examples illustrate how profits can be distributed among partners, members, or employees based on the terms outlined in a profit-sharing agreement. The distribution of profits can be equal or based on ownership percentage, salary, or years of service.

distribution | District Attorney (DA)

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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