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MI.5

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  1. Currently in discussions with multiple business partners for a new start-up. Two of the members are women and we want them to have 51% ownership of the company (the other partners will equally split the other 49%), but we all agree to equally share the profits. Key Question: Is there some business law that requires % ownership to be equal to % profits? Is it legally possible to structure a contract of agreement that reflects this? Are there any key elements of concern that should be addressed among the partners? Thank you for your feedback.
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