Hello there,
My friend wants to invest in a partnership/proprietor based firm. The owner of the firm is trusted person and he needs additional funds to run business. It will be short term investment. They will set interest rates upon mutual agreement.
What kind of paper work / documents my friend should do?
Also what interest rate would be appropriate for investment of 2-4 lakhs Rs. for 3-4 months of period?
thanks
any help here guys?
thanks.
Reconstitute the Partnership agreement carefully and no other agrrement is required. The Interest rate can be 12% and u should enter as a working partner but not sleeping partner.
thanks for the response.
actually not interested in becoming a partner. Just wanted invest for short term.
What points need to consider before funding?
CAclubindia
