Distribution of profits
Definition
The dispensing of profits amongst partners of a partnership, members of a Limited Liability Company, or employees in a company, as per terms outlined in a profit-sharing agreement.
See also
Definition from Nolo’s Plain-English Law Dictionary
The withdrawal of profits from a partnership or LLC by a partner or LLC member.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:14 pm
