Business Structure - How can I protect myself

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mikebirk

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I'm looking to start a company, and I'm seeking an investor to help with the start up capital. If the investor is asking for 51% ownership in the company due to the injecting of capital, how can I protect myself?

What could happen if in two years they were to say get lost? I would only own 49% stake in the company, which in my understanding is overruled with whatever the controlling party says.

Is there also a better way to structure the corporation? (ex. LLC, versus an S Corp)
 
You might want to discuss this with an attorney but hold & see if you get other replies also.
 
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