86+ Lawyers are online 
Going to join business for 50% share how can I protect my share
14-Jul-2023 (In Corporate Law)
My friend is starting a business.He wants me to join for a 50%share. What are the legal issues that would arise if i accept for the 50% share.Are there chances where the person might not be willing to give that share amount.How can i make my position clear ?I want that 50% profit throughout the lifetime of the business.Can I make sure that I will not be taken for a ride?
It depends on the nature of business r u going for LLP r company r just an partnership firm it needs to clarified n if at all u want to be safe u must add those caluse in the agreement itself so that u can't be cheated moreover it's a 50 percent share so have to understand the gravity of business and legal existence for further detail contact me my details are in the web portal n remember when u get in touch with u have a clear idea of all the details
Helpful?
20+
20+
Adv. Sanjay J Rajpurohit
Chennai | 25+ Answers
CONTACT NOW
Hi,
You didn't mention the structure i.e, whether it is a Private Limited company or a partnership firm. Please let me know the structure of the business entity which your friend is going to open/start. Depending on the structure we will be able to advise/guide.
You didn't mention the structure i.e, whether it is a Private Limited company or a partnership firm. Please let me know the structure of the business entity which your friend is going to open/start. Depending on the structure we will be able to advise/guide.
Helpful?
17+
17+
Adv. Shobhan M P
Chennai | 100+ Answers
CONTACT NOW
UNDER PARTNERSHIP ACT 1932, EVERY PARTNERSHIP DEED TO BE PREPARED, AND THERE IS NO NEED FOR REGISTRATION.BUT IF YOU REGISTERED YOU CAN CLAIM THE POINT MENTIONED IN THE PARTNERSHIP DEED.YOU CAN PROCEED PARTNERSHIP DEED AS YOU REQUIRED CLAUSES.INCLUDE ARBITRATION CLAUSE IN THE PARTNERSHIP DEED.IF YOU NEED ANY CLARIFICATION LET ME KNOW.
Helpful?
21+
21+
Adv. S.Ezhil Raj
Chennai | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Corporate lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
