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INFOLAWYER
INFOLAWYER, Attorney
Category: Business Law
Satisfied Customers: 54728
Experience:  LICENSED BUSINESS LAWYER
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I am a member of an LLC with 3 other partners. My ownership

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I am a member of an LLC with 3 other partners. My ownership is 20%, the others shake out at 60%, 10%, and 10% respectively. My question is this, can the majority owner reduce my ownership by force? He is threatening due to my resistance to sign a Guarantee for a previous note that was acquired before I became a partner.
Submitted: 8 years ago.
Category: Business Law
Expert:  INFOLAWYER replied 8 years ago.
It cannot be done unless there is an operating agreement that permits such increase/decrease in equity.
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