Originally Posted by Wnhough
you can split up the dividends and capital gains in any way you see fit. In most cases, distributions are based on how much equity each of you has in the biz, or when the biz was first started. However, if you and your partners want to divide earnings in some other way, you can. Many small partnerships don't like to use fixed distribution percentages, carved in stone, because equity shares can change over the life of the partnership depending on individual contributions and withdrawals.
Thanks for the reply. But just to be clear, when I wrote "partner," I meant "life partner," and not a business partner. My heading was "Unmarried couples," but I should have been more clear, sorry. Does your advice apply to domestic/personal situations, as well?