QB Issue Resolution:

Assuming you are presently a sole-p, you did not say, creating a partnership means you are creating a new company, it must get its own fed id number, and be registered with the state.

That means you file a final tax return for the sole-P, and the assets, etc are transferred to the partnership as your equity. You should get with a tax accountant and a business lawyer to get the partnership organization form correct.


Resolution for Issue 'How to enter a partner into my business with a 10% profit?' available: Yes (Solved).
Source: Intuit Community forum.

How to enter a partner into my business with a 10% profit?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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