Legal Question in Business Law in India

I Have decided to start a partnership business. The capital investment is completely from my side. The psr decided is 70:30. (70 for me). What type of a partnership deep should we make? Also is there any way, in which if i don't find him worthy enough(if he doesnt perform his duties) to be a partner, i may remove him as a partner and take over the business?


Asked on 6/30/15, 3:49 am

2 Answers from Attorneys
mohd mahboob

what is loss ratio? what is security of your investment ?what is business risk or system? what is financial structure?

if any dot,please mail :[email protected]

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Answered on 7/01/15, 3:41 am
Fca Prashant Chavan Expert Edge LLP

01.07.2015

Dear Sir / Madam,

Please refer to the following link and based upon the mutually agreed terms and conditions between you and your partner, decide on the type of partnership firm you are going to form and register and incorporate your clauses therein :

http://www.preservearticles.com/2012022323658/kinds-of-partnership-and-its-advantages-and-disadvantages.html

For further guidance, you may engage a local Chartered Accountant to form and register the partnership.

Regards,

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Answered on 7/01/15, 5:36 am


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