3 ms·
much simplified version: we've gone 49/51 so in event of contention someone (me) has the ability to make a final decision
by cubicle67 16y ago
much simplified version: we've gone 49/51 so in event of contention someone (me) has the ability to make a final decision
- izak30 16y agoFrom my understanding you can put that sort of thing in an operating agreement, and still have an even split. Please, someone with more knowledge on the subject confirm or correct this.
- trustfundbaby 16y agoI'd like to hear more about this if its true ... I was under the impression that it was not.
- staunch 16y agoIANAL: You can write whatever you want in your legal agreements and it will probably work for almost all scenarios. At the very end of the day ownership can be a trump card though. A majority owner is in a position to argue that the legal agreements are invalid, etc.
- wrs 16y agoVoting rights in a corporation don't have to be proportional to ownership (see Google for a giant example). Of course, that makes the set-up a little more complicated (read: more legal fees).