(Querist) 12 May 2022
This query is : Resolved
An investor has invested in the business and I am supposed to run/manage the show. I will not be paid any salary but will have a fixed percent of share in the profits.I will have no liability of the losses. Is this kind of partnership valid?
(Expert) 12 May 2022
The investor as a partner(A) and your self(B) as a working partner without investment shall execute and mutually agree to the terms and conditions on the Stamp worth Rs.500/- and get it registered before the Registrar of Firms though it is an optional registerable.