How can the share of partners divided in a business

Suppose in a business a person invest the whole money but in licence there are two other partner's name here what should be the share for partner ???according to which law???

Answers (2)

171 votes

Depends on the partnership deed that you three had agreed to. Governed by the Indian Partnership Act and the Indian contract Act.

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236 votes

Dear Querist,

Your query does not give details as to whether the business entity is a company or a registered partnership firm or an unregistered partnership firm.

Even assuming from my legal stretch of imagination that the business entity is a partnership but again the question will arise as to whether it is a registered partnership firm or an unregistered partnership firm.

The pecuniary interest of any person as a partner or shareholder cum promoter director can always be well protected through written agreements among the parties in a business entity.

In such circumstances, please arrange all the required information as requested for in order to enable me to give the legal opinion in a better manner.

Thanks & Regards,
Sohail Haque

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