Partnership?
Partnership?
Out of context: Reply #2
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- OSFA0
the most important step would be to check with your accountant. You would have to decide how much each one is getting.
If you are planning on doing this as a payroll type of set up for both, you can make out checks every two weeks (15&30) or monthly, deducting payroll taxes, which later are deposited in a bank account set up at your local bank that serves as an agent for the government for tax purposes. IRS will send you coupons for these deposits...But, you are better off consulting an accountant...