rshigemura
Junior Member
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% based upon ownership; 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 as stated in our operating agreement. So based on that, the 'no' partners control 38% of the company's shares.
How would this work to move forward? Thank you.
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% based upon ownership; 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 as stated in our operating agreement. So based on that, the 'no' partners control 38% of the company's shares.
How would this work to move forward? Thank you.
