Limited liability company ..how can i protect my self?
Hello me and three other people have an LLC .
We formed the LLC recently,
The problem is that the three others are family members ...
In the privacy agreement it clearly states that the majority can pretty much do anything that it likes...
Apart from changing the operating agreement to unanimity, what other steps can i take to protect my self and ensure my fair share?
- CHARITY GLv 71 decade agoFavorite Answer
- Anonymous1 decade ago
There are other changes to the operating agreement that can protect your interest. The others will have to agree. See an attorney. If they won't cooperate you'll know where you stand & it may not be too late to withdraw. You should have thought of this before you formed the LLC.