Hi,

Got a question with regards to legal agreement/contract .

Me and a 2 other friends are forming a partnership(Perkongsian , not Sdn. Bhd.) to run some business. As for partnership agreement, since there is 3 of us , how many copies do I need to prepare for the stamping office to stamp ?

Read over the internet that a original copy and 3 supplementary copies(1 for each partner) are needed , while the original copy will be kept by the stamping office, is this correct ?

As for the stamp duty, how is it calculated ? And is this paid for the original copy only , or for the supplementary copies as well ?

Hope some experts could shed some light on above matters, thanks !

1. RM10 for each document. Since there are three parties, just three copies and each is RM10. The Stamp Office will not keep a copy.
2. Make sure that the witness is not one of the parties to the agreement and is not a minor.

Just an enquiry here, Im planning to buy over an existing business located in KL Sentral. However I do not have enough start up capital for the business. My plan is that I join into partnership with 2 other foreigners from Philippines. One of them has a working permit and another one does not have one. Please advise if this kind of partnership is allowable in legal terms or not.

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Added on July 20, 2011, 7:28 pmbtw, the reason im doing this partnership is because me and the other 2 partners are planning to buy over a cafe. Hopefully u guys sifu can shed some light to me on this as im a total noob abt business

This post has been edited by bournshell: Jul 20 2011, 07:28 PM

...Enough for the posting la. You create new thread, people will answer you. No need dig up old thread.

sry...