Legal Question in Business Law in Michigan

LLC voting shares

I am 25% owner of an employment recruiting company. My partners (2) are 37.5% each. How do I protect myself from being fired or cut out of the business. I have heard a voting share set up may do it . I am doing most of the work as well as responsible for a low interest loan from a Native American grant. Also I have signed a letter of no compete , can I get out of it and do the business myself?

Thank You in advance.


Asked on 8/09/03, 11:16 pm

1 Answer from Attorneys
Regina Mullen Legal Data Services, PLC

Re: LLC voting shares

It sounds like you have a lot more going on than worrying about your partners stiffing you, --it sounds like you want to get out of the business. These were issues that SHOULD have been resolved before you went into business in a minority capacity (no pun intended). You need to get expert legal advice on business dissolution from a local attorney.

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Answered on 8/10/03, 1:28 pm


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