I have started working as a freelance web developer and software developer in 2004 from my home. By 2006 I have got an office space, started hiring a few team mate. Now I have 6 employees working for me as a proprietorship firm.
My turnover is around 50-60 lacs in the last fiscal year. I pay around Rs.10,000 per month as salary per team mate. Our team have been existing for the last 2-3 years.
Now I am planning to form as a private limited company with an authorized capital of Rs. 50 Lacs.
And I'll have a new investor who will invest Rs. 20 lacs in my company.
My business target for the next 1 year is around Rs. 2 crores in gross turnover with Rs. 70-80 lacs profit before tax.
I also want to provide shares to all my 6 team mates.
So, in the present scenario I want to know what is the best suggestion for allocating shares among Me, Investor and 6 Team Mates.
CAclubindia
