I am doing business in India and have registered business entity. I am in discussion with US based LLC company for partnership. This US based company would offer me 40% stake for my services. They suggested to go for general partnership agreement in which they mentioned allocating 40% stake to me and remaining 60% stake to their LLC company. Can you please suggest legal ways to have this partnership? Is it legal to have general partnership agreement with LLC company? What is the best option;Stake in LLC or general partnership agreement for this partnership? Please suggest.
Thanks in advance.