Q: I am to start a goat farm project in partnership that requires 57 lakh rupees and 120 sqmt piece of land. The land is of my grandfathers. 53 lakh rupees the bank is giving a loan and the remaining 4 lakh are devided in 4 partners as 2.5 lakh myself, and 50000 each by 3 partners. Net Profit will start from 3rd year after deducting all expenses. If the profit is 100 rupee then my questions are:
1) How much (%) share of profit will be between partners.
2) How much share will be the land owners as the market value of the land is 3 lakh?
3) Land owner that is my grand father is expired so can that share be devided among 16 members of his family?