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Legal recourse for forming a business partnership
01-May-2023 (In Corporate Law)
How do we set up a partnership agreement, share wise? Should an NRI be a working partner or we have to treat him as an investor? If an investor, what percentage of profit will we have to share with him? Who can be a managing director? What should we include in partnership agreement? What other legal issues do I need to consider when starting a business?
Get an agreement drafted by lawyer.
It would be better to form a private limited company or an LLP in which the liability of investors would be limited to the shares held. You would have to sit with some lawyer to share your concerns and legal issues to protect everyone's interest. Unfortunately, you question is very wide therefore, we would recommend you get in touch with a corporate lawyer.
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Adv. Chikirsha Mohanty
Delhi | 200+ Answers
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