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Partnership Law Act 2019

Relationship of partners to third persons and to each other - Relationship of partners to one another

49: Partner not entitled to remuneration

You could also call this:

"Partners don't get paid extra for their work in the business"

You are not allowed to get paid for doing work for your partnership. This means that if you are a partner in a business, you cannot receive extra money just for doing your job as a partner. The partnership's profits are shared among partners, but you don't get a separate salary or payment for your work in the partnership.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS206049.

Topics:
Business > Industry rules
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"Partners can help run the business together"

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Part 3Relationship of partners to third persons and to each other
Relationship of partners to one another

49Partner not entitled to remuneration

  1. No partner is entitled to remuneration for acting in the partnership business.

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