Legal Question in Business Law in India
I am Jithin planning to start a IT firm with my friends.I am planning to have 2 of my friends as co-founder and myself as founder.Now I want to decide how the shares to be divided.
My plan is to have : founder -30% ,co-founder I -20%,co-founder II-10% and 40% for employee salary,Infrastructure and other activities.Please give your suggestion........Is same percentage to be shared for co-founder?
Asked on 12/14/14, 10:25 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
19.12.2014
Dear Jithin,
Your plans are good ... please go ahead ... all the best for your success in business.
Regards,
Answered on 12/19/14, 5:34 am
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