Monday, 9 June 2014

Is it necessary to have at least a 2 difference between two business partners when dealing with company percentage...I.e. ceo, and coo

Question

Is it necessary to have at least a 2% difference between two business partners when dealing with company percentage...I.e. ceo, and coo



Answer

As a Franchise Attorney I must say you further information is needed. What 2% difference are you talking about? What kind of entity? What are the surrounding facts and circumstances? Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation



Answer

There is no such formula--probably more often than not in a two person partnership the partners own equal interests.



No comments:

Post a Comment