Legal Question in Business Law in North Carolina

how do I take over a North Carolina LLC as a 25% interest holder? I am in dispute with the other shareholders and do not feel that they are operating with the best interest of the corporation in mind, rather their own personal agendas.


Asked on 11/28/10, 1:00 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can only offer the following. Your position is not unlike a minority shareholder in any corporation. You can't necessarily "take over" the corporation. It just doesn't work that way. You may be able to bring a lawsuit (and these are expensive) if you feel (and can prove) your allegations. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 12/03/10, 5:19 pm


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