Buy out of an LLC

[rshigemura]

What is the name of your state (only U.S. law)? CA
Our LLC had decided to sell the company. There is an offer on the table, two members vote no, three of the members vote yes. The voting majority of the LLC now controls 62%, the 'no' members control 38%. Does the acquiring company have to acquire all 'shares' of the company before moving forward? The 'shares' of the company was divided by the initial capital investment of each partner. So based on that, the 'no' partners control 38% of the company's shares. Thank you.

 

[I_Got_Banned]

Triplicate post!

OP posted here...
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Under Business Contract Franchises https://forum.freeadvice.com/business-contracts-franchises-85/buy-out-llc-456792.html
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As well as under Brokers & Investments Brokers & Investments