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Subject:
Legal document entitling a person to percentage profit of a firm
Category: Relationships and Society > Law Asked by: forsakenreality-ga List Price: $10.00 |
Posted:
15 Apr 2004 17:55 PDT
Expires: 15 May 2004 17:55 PDT Question ID: 331007 |
Which legal documents are required to establish XX% profit of a private company to go to an individual? I am one of the partners of a three people start up, one provides financial backing, the other legal and idea owner, and I do all the technical work. I want to protect myself from the owner not paying me or hiding profits. I am entitled to a certain percentage of the profit and want a document that would hold up in court. In your answer I want: 1) Specific document/wording/reference for the legal document establishing by monthly payment of a certain percentage of the company's profit 2) Specific docuemnts that give legal rights to the owner to sign above mentioned document -- ie -- if one signs it and is the person who registered the business and bank account, is that enough? |
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