What should be a share of working partner in the company.?

Question

I am an Engineer. I have been offered to join a company to run and manage the the entire show on a working partner basis, as am not investing a single rupee in it. I am a well qualified and very highly experienced (more than 25 years) professional with tremendous potential. I am told in such cases the working partners are absorbed as full time directors and given a share of 30 % share in the company with all the perks. Also I would be paid a fixed amount for my expenses every month. My question is -will this amount be part of my 30 % share or in addition to my 30 %share. Is this correct?

Is 30 % too low or high ?. How to decide on this percentage of share ? How should I negotiate. what is the criteria for fixing a share for such working partner.?

Also am I entitled to any part payment out of my 30 % share as my monthly remuniration ?
I want it to be a WIN WIN deal.
Will some body advice me correctly as to how I should go about this.

Regards.

I am in Bangalore, India.

Answer 1

30% seem like a nice number, provided that your investment is 0. In any case I would carefully read the agreement, and that should answer your questions. However, one of the most important part of this entire negotiation is how much the company earns? The real question is 30% of how much?