10 Essential features of Partnership
A partnership is a group of two or more individuals who agree to split the profits from a legal business. It is administered and carried out by all of them, or by some acting on their behalf.
Decoding A CO-Founder Agreement – LegalDir
Equity ownership, profit or loss participation, and each founder’s remuneration must all be specified under this section. It’s also a good idea to mention how salary changes will be handled.