How to Draft a Texas LLC Operating Agreement That Protects Majority Owners Without Triggering Minority Oppression Claims
Texas LLC owners can reduce minority oppression exposure by using an operating agreement that (1) defines fiduciary duties and voting rights and (2) builds in fair, contractual exit and valuation terms. In Texas, “minority oppression” is not a standalone cause of action, but disputes still arise through fiduciary-duty, fraud, and shareholder-type remedies. This article explains […]