Can a working partner receive a salary from the partnership?
Q: I was recently given a 1/3 share in a business (i.e.without investing anything). However I am currently a working partner in the business. My question is
1. Am I intitled to a salary?
2. When the shares are distributed, do I recieve any?
3. If i am not intitled to a salary, what is the way foward with regards to me recieving extra due to being a working partner?