Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/what-does-super-majority-voting-mean/ Export date: Thu Apr 25 23:38:31 2024 / +0000 GMT |
What does “super-majority voting” mean?Voting rights in your entity are an important element of its governance. Sometimes a minority investor, or group of investors, may want the right to vote (or veto) certain business decisions, even though they don't have the equity to sway a vote. Nevertheless, you may want to give them certain veto rights as part of sweetening their interest. Super-majority voting can create another level of complexity to your Operating Agreement or Shareholder Agreement, but may be worth it if the alternative is unanimous voting 1. |
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Post date: 2020-02-14 14:31:50 Post date GMT: 2020-02-14 22:31:50 Post modified date: 2020-02-19 15:22:54 Post modified date GMT: 2020-02-19 23:22:54 |
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