@saintguardian thank you for the chapter
i think the worker buys the other shares that is on the market, it showed on their faces
don't loathe LLC, it's true that majority shares control the LLC, but they only control where a LLC is headed.
my understanding of LLC:
*shareholders control where a LLC is headed i.e what business will LLC do, elect board members
*board members control how a LLC does its purpose i.e management
there are regulation so that a LLC won't get bankrupt because of a mismanagement,
the state won't let that happen, this involve unemployment.
if a board member is involved with the LLC bankruptcy,
i'm sure he/she won't be elected to be a board member in another LLC,
there a rules for this even though there aren't any rules for this,
he/she can't be elected coz of:
1. shareholders won't elect him/her
2. clients won't get near the LLC (no business)
if they do get elected, it is coz of they own a close LLC, with certain amount of capital
don't forget clients almost always check their partner board member