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Richard - Bizlaw
Richard - Bizlaw, Attorney
Category: Business Law
Satisfied Customers: 9713
Experience:  30 years of corporate, litigation and international law
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I currently have a 2 member LLC in which I own 85% and the

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I currently have a 2 member LLC in which I own 85% and the second member owns 15%. We are looking to obtain capital through an investment, giving them 15% of the company. Is there a way to make sure they have only equity and no voting rights? Is essence we want to make sure the investor is a "silent" investor rather than having the same rights as us two.

bizlaw :

You would have to create another class of member that was non voting. However, they will have to have voting rights on major isssues such as selling the company's assets or anything that modifies their rights as a class.

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