Some of my friends is about to start a new firm related to IT. That will be a Partnership firm with 5 members. The initial capital contribution by members will be around one lakh. They are planning to register the company as a private limited firm and now the problem is with regarding to the proportion of share each partners have to contribute to the firm.At first all the partners agreed to have 30:30:30:5:5 proportion of share contribution. The major shares are by the main partners and the smaller shares to one of the partners wife and the other portion to another partners girl friend who is going to be a part of the business. Now the thing is that only when the amount of major share holdings are same, the partners will agree and one among the partner is thinking of adding his and his girl friends share and make a huge part of the share. Same will be in case of the married partners. Now the person who got 30 percentage share will agree to continue the business only with the initially agreed ratio because he has to leave his job for this and invested some amount initially into the business.We believe that the problem can be solved by writing a clear deed as every one who got whether smaller or bigger amount of share, be treated as individual share holders and the profit will be shared accordingly.The problem is with the girl who initially ask for 5% share and now wants to give that to her boy friend who is a partner to the business.They are not yet married and she is deciding all the things related to the new office with out spending nothing to the business. Can anyone please help me in giving a proper guideline to my friends.
Dear Client, do you think that the business planned to commence will work healthy with such non matching mentalities and varieties and different opinion personalities????, please note that in due course of time you will employee a good number of employees in your so called unborn organization and due to your internal political affairs and internal disturbances, the poor employees who have come to you for earning their daily bread will be at stake!! Please re think in doing this and please be informed that even a through drafted deed which you feel on paper that people are confined, may prove to be a one sided agreement and can be trashed in court of law. Therefore at this initial stage, you are suggested to have a healthy association of like minded personalities irrespective of financial contributions (because finance can also be obtained from bank) and then have an idea of commencing a business of your dream and then make it success. at any time you wish to have a draft copy of the partnership deed or agreement you may post your requirement on  Home >>  you may mail your requirement along with details on  or can even call me on 9010352384