There should be an agreement between you and your partner before starting a business. The agreement clearly mention the percentage , profit , loss, liquidity. A part from that agreement he cannot produce any valid dovument for obtaining loss amount. He can move according to the agreement. You have to know very well Companies Commercial Law before signing the business agreement. Here i know some people they do very good business in qatar and when money flows the Qatari partner will abscond other partner and grab the full business. Thats the season now. You can find so many innocent business person are in deportation jail because of fake abscond filed by partners and grab full business to avoid profit share. So while making agreement make him only as a stake holder and not to be a decision Maker in Management. So that he cannot abscond you even it goea loss and he will have right to get his share only. Read CCL companies commercial law you should know everything
There should be an agreement between you and your partner before starting a business. The agreement clearly mention the percentage , profit , loss, liquidity. A part from that agreement he cannot produce any valid dovument for obtaining loss amount. He can move according to the agreement. You have to know very well Companies Commercial Law before signing the business agreement. Here i know some people they do very good business in qatar and when money flows the Qatari partner will abscond other partner and grab the full business. Thats the season now. You can find so many innocent business person are in deportation jail because of fake abscond filed by partners and grab full business to avoid profit share. So while making agreement make him only as a stake holder and not to be a decision Maker in Management. So that he cannot abscond you even it goea loss and he will have right to get his share only. Read CCL companies commercial law you should know everything