We are developing a component for joomla 3.x. In the component there are certain set of library functions (php files) which are want to used in both the admin side and front-end.
At the moment we have these library functions inside the folder 'administrator/comonents/com_mycom/libraries' and importing these libraries in both admin and front. We feel this is not correct and want a common place to have these libraries.
What is the best place we can keep these libraries?