If you own 60% of a company can you be forced out of it by the 2 other partners that own 20% a piece?

Asked on November 11, 2013 under Business Law, Michigan


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

Generally speaking, no, it is the majority shareholder that can "freeze out" the minority shareholders. They can, though, make your life very difficult in decision making and operations even though you would have the majority vote.  It may be a good idea to mediate amongst you so as not to ruin the company you have built.  Good luck.

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