Legal Question in Business Law in Illinois

The "pros and cons" in abstract will not be helpful to you. What is the goal here; what is the president's thinking for why non-voting stock is needed? For example, I've seen family owned companies where the children who are minors have non-voting shares so that if one set of parents who are stockholders have 3 children and another family member has none, then the voting is not skewed because of the children.....

The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is currently licensed to practice law only in the State of Illinois. Responses are based solely on Illinois law unless stated otherwise.