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Re: Advice On Partnership Agreement? by soniabrenda(f): 11:09pm On Nov 19, 2015 |
if the capital is contributed equally, the profit and losses will be shared equally too. secondly, if there is a writte n agreement, the profits and losses will be shared according to the profit sharing ratio contained in the agreement. |
Re: Advice On Partnership Agreement? by Billygee2u: 4:13am On Nov 20, 2015 |
TWOWAYMIRROR: |
Re: Advice On Partnership Agreement? by lonelydora: 6:12am On Nov 20, 2015 |
WhoBeThisMan: I am currently into partnership, but before we got to where we are now, to be truthful, I learnt the hard way. In my own case, I was the financier. My experience. 1. Make sure your name is among the owners of the company in CAC. IF NOT, HE MAY CLAIM YOU ARE HIS EMPLOYEE IN THE COURT OF LAW SHOULD SOMETHING GO WRONG. 2. Make sure the sharing formula is clearly written in black and white. THE BEST TIME TO SHARE MONEY IS BEFORE THE MONEY COMES. 3. Make sure you understand every clause in the agreement. "I WILL" is different from "I SHALL". 4. Make sure you have a heart to absorb shock because everything may not work out the way you initially planned. 5. Contact a good lawyer to advise you more on it. My brother, I learnt the hard way before getting to where we are now. 2 Likes |
Re: Advice On Partnership Agreement? by TWOWAYMIRROR: 6:23am On Nov 20, 2015 |
lonelydora:Pls share a little of that hardway lessons...abegi 1 Like |
Re: Advice On Partnership Agreement? by lonelydora: 7:19am On Nov 20, 2015 |
TWOWAYMIRROR: Your first mistake. Make sure you are included because the truth for now is, you are working for him. Your name is not part of the shareholder. |
Re: Advice On Partnership Agreement? by Nobody: 2:39pm On Nov 21, 2015 |
TWOWAYMIRROR:well its a partnership so u just figure a way to make it a balance proportion |
Re: Advice On Partnership Agreement? by Freaknasty: 6:00pm On Dec 10, 2015 |
I'm learning 1 Like |
Re: Advice On Partnership Agreement? by gbemisolaw: 11:15pm On Dec 10, 2015 |
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