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[Music] not all of them are created equal okay there are certain clauses that you need in there to ensure that your protections are maintained Ill give you a few of them here number one you never want to have a limited liability company agreement or a limited partnership agreement which states that it only requires 50% of the limited partners or the members of the LLC to change management because if you had it set up or only requires 50% and John holds 50.00 1% what could he do Shawn Barbara its been great but youre out youre no longer in control so what might you want inside of that agreement I know what I like to use 85% 85% in order to change out the management I tell my clients hey as long as you never drop below a 16 percent ownership interest they can never boot you and who am I talking to referring to here kids lets say you bring your children into your partnership at a later date or you bring somebody else in you need to maintain enough to trump them so they cannot kick y
