When registering a partnership, each partner should consider a few of the following questions. How long will the partnership lasts? Who's colours will the horse race under? How are the debts (costs of running) and credits (prize-money) shared between partners?Once registered, the partnership works smoothly but each partner must remember to keep a working balance in their own account as each account must have funds when the time comes for an entry to be made. Alternatively, Partner 1 can select to have all debits and credits to go through his or her account. This can be selected on the Partnership registration form.
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