Legal Question in Business Law in Illinois

A majority shareholder owns enough shares to control shareholder votes, such as the election of directors in most simple corporate structures. A major shareholder would be someone who owns a substantial percentage of issued shares. Many factors, such as the possibility of cumulative voting, different voting rights for different classes of shares, and others may make a big difference. Whatever your situation is, you should seek individual legal advice from an experienced attorney who will review the controlling documents and law in order to provide you with specific legal advice.