Corporations Keyed to Hamilton
Smith v. Kelley
Facts
Appellant came to work for Appellees as an accountant. He was paid $1,000 per month plus a small bonus out of the profits of the business for three years during his employment. While working at the firm, Appellant was held out to the public as a partner. However, he made no contribution to the assets of the partnership, did not share in the losses, took no part in the management, nor did he have the authority to do any hiring or purchasing. After the termination of his employment, Appellant brought this suit, alleging for the first time that he was entitled to a fixed percentage of the profits.
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