3 reasons why profit-sharing agreements fail

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The most important expectations of a profit-sharing agreement
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When do profit-sharing agreements fail? Where do they go wrong and how can you protect yourself? Read on to learn more about profit-sharing agreements that fail.

time stamp
00:00 Introduction
01:00 When do we use a profit sharing agreement?
02:12 Mistake: Expectations
03:05 Mistake #2: The roles you will play
03:55 What distorts it (directly impacts labor costs)
03:00 Error 3: Negative profit
04:53 Summary

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CleverProfits and affiliated parties do NOT provide tax, legal or accounting advice. This content has been prepared for informational purposes ONLY and is not intended to provide tax, legal or accounting advice and should not be used as such. Viewing this video does NOT create an accounting-client relationship with CleverProfits. You should consult your own tax, legal and accounting advisors for professional advice.