Profit haring agreement

This query is : Resolved 

21 March 2014 Dear Sir,

plz help on the following issue.
1 person has registered himself with service tax as proprietor & he is providing online manpower consultancy through a job portal site. He has 20 employees approx. But someone else looks after all work on 50% of net profit. Now they want it on paper but don't want to form a partnership firm. so plz suggest how to do & what are the procedure for the same?

Thanx in advance.

21 March 2014 then make a partnership firm and then alter service tax reg and pay 50% only

21 March 2014 Re: Tushar Sampat.

Sorry I could not mention it that They don't want to form a partnership firm or alter the ST No., give me some other suggestion.

21 March 2014 then there is no other legal way......

21 March 2014 OK. sorry but are you sure?

22 March 2014 you can take a seconf opinion................


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