I'm a NRI, i'm planning to start a new business in Tamilnadu with my friends?

Question

could please tell what are the advantages to have 50% or 50+% share of NRI (me)

Answer 1

Now many questions needs briefing.  Are you financing hundred percent or equal funds.  Who is going to provide technology.  Are you depending upon him.  In his absence can you survive in that business.  If you have yes for all the above, then you can go for 50/50.  Otherwise i suggest that you can give your partner 51 and keep 49 which will boost his morale.  If you are going to part any of your fixed assets, i strongly recommend to rent it to your partnership business rather than making your fixed asset as an asset to the partnership.  This will go long way in instilling confidence on both sides.  Any way partnership is like marriage.  As long as things go well where is the difference of one percent.  You hold that since you have not trusted your partner full and hence as a major stake holder you can retain the company.  Understand yourselves and your friend before you venture and once you venture never turn back.  (If you are married, it is better get your wife full opinion) most of the partnerships in this world break only because of the wife)