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Fairness in Business Voting

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sanrenee1

Junior Member
I am a member of a (4) member LLC in Missouri. Two of the members are father and son, and a third member is a family friend of the son. I am the 4th memeber without family ties. I have suggested that the voting rights in the operating agreement be by unanimous vote, instead of majority rule, because of (3) of the (4) members having such close family ties. The other members want majority rule. What is the most appropriate and fair way to set this up.
 


Antigone*

Senior Member
I am a member of a (4) member LLC in Missouri. Two of the members are father and son, and a third member is a family friend of the son. I am the 4th memeber without family ties. I have suggested that the voting rights in the operating agreement be by unanimous vote, instead of majority rule, because of (3) of the (4) members having such close family ties. The other members want majority rule. What is the most appropriate and fair way to set this up.
You can possibly tie the hands of the business with a unanimous vote. Majority rules is approved.
 
Last edited:

tranquility

Senior Member
I would never agree to be associated with an entity that required agreement of all parties to take action. Why waste my time on something sure to fail?
 

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