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? asked in Business & FinanceCorporations · 7 years ago

is it possible to co-own a company with your friends but have a final say of all business decisions?

5 Answers

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  • Anonymous
    7 years ago

    It depends on what type of company you have. If it is a private unincorperated business, then yes, you must set up paperwork declaring yourself as "director of operations" or "managing partner" or some other such language. If you are incorperated the short answer is no, there will always be a way for the board of directors to overrule you and remove you from office.

  • ?
    Lv 6
    7 years ago

    Majority ownership.

  • ?
    Lv 7
    7 years ago

    Sure you just need to own 50.01% of the company.

  • Judy
    Lv 7
    7 years ago

    Whatever you and they agree to forr decision-making is legal.- they probably wouldn't agree to that though

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  • wg0z
    Lv 7
    7 years ago

    sure. just make sure YOU have/keep ownership greater than 50%.

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