Katherine and Allison decide to create a gift tag and lemonade stand on a sunny Sunday afternoon. The original plan was to sell just gift tags but they felt they need sometime else to attract customers.
They made $12 but spent $6 on lemons at Costco. Their net profit is $6 which they divided evenly. Now they’re discussing whether or not they should share the profits or allocate the profits based on who sold what. Christine and I get to explain how business partners share in the profits and losses.
