Legal Question in Business Law in Maryland
Is it necessary to have at least a 2% difference between two business partners when dealing with company percentage...I.e. ceo, and coo
Asked on 3/18/11, 4:10 am
2 Answers from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
As a Franchise Attorney I must say you further information is needed. What 2% difference are you talking about? What kind of entity? What are the surrounding facts and circumstances? Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Answered on 3/19/11, 8:53 am
Robert Sher
Wagshal and Sher
There is no such formula--probably more often than not in a two person partnership the partners own equal interests.
Answered on 3/23/11, 11:03 am
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