Startup with partner with proper documentation Startup with partner with proper documentation

1 year ago

I am a beautician. but I have no money so that I am startup a parlour with a partner who provided 100% used product as used on parlour propose . But I am only give money for continues running product on 50% amount but my partner was silent partner he was not manage my business he only invest these money and want 50% from total business on monthly .what can I do for that to registed my company with proper documentation .

Anik

Responded 1 year ago

View All Answers
A.Dear client,
Your partner getting the amount of money totally depends on what terms and conditions were agreed on buy both of you at the beginning of the partnership.
Thank you.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconAgreement related
Dear sir You have to deal property matter very carefully otherwise if possession is given there will be no chances of getting back the property.
question iconCREDIT CARD USE FOR BUSINESS EXPENSE
Dear client, While it's technically possible to use your personal credit card to pay the electricity bill for your manufacturing firm, it's not generally advisable. Using personal funds or credit car...
question iconPIP
Dear Client, Unless a condition is stipulated in the contract of employment authorizing an employer to waive a notice period or pay in lieu of notice, you cannot waive a notice period of an employee w...
question iconMarry help
Dear Client, Marriage between a couple having a prohibited degree of relationship is illegal and void both under the Hindu Marriage Act, 1955 and the Special Marriage Act, 1954. There may, however, b...
question iconPartnership deed
Dear Client, The ability to cancel or amend a partnership deed with the same individuals but under different terms and conditions may depend on the specific clauses outlined in your existing partnersh...