If an LLC company is formed between two partners/members with 10/90% shares. Can an operating agreement change these shares to 49/51%. The goal is to acquire a franchise business. The franchisor is asking that the operating partner must hold more than 51% of the company shares, while my partner... View More 
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answered on Jun 2, 2023
You should have an attorney take a look at the agreement or forms the franchisor has provided. The definition of "operating partner" in those documents would shed light on the potential path(s) forward. With respect to the Operating Agreement, multi-member LLC Operating Agreements often... View More
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