I'm starting a company and have taken on a business partner.. I will be the major share holder.
My partner thinks that we should have "equal voting shares" in the Operating Agreement.
I'm understanding that in most cases, this would not work, as the CEO/President should have the final say if any decisions should ever come to a dissagreement, in order to prevent a deadlock.
Any Advice???
My partner thinks that we should have "equal voting shares" in the Operating Agreement.
I'm understanding that in most cases, this would not work, as the CEO/President should have the final say if any decisions should ever come to a dissagreement, in order to prevent a deadlock.
Any Advice???
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