[xevb3k]

While the OP has said they have 20% equity. Given the other two founders have a controlling interest, to what extent could they push the OP out and take/reduce their equity?

I’m not saying they would, but I’m wondering how possible it is. Could they vote to redistribute equity, or massively dilute OPs equity and then distribute more equity to themselves for example?

[jaxn]

Very possible. It depends on the operating agreement, but unless any investment or creation of shares requires unanimous consent, they can be diluted to virtually nothing.

[xevb3k]

Interesting, it’s always been my assumption, and unless everyone is operating in good faith, if don’t have board control (and/or >50% of equity) it’s a possibility that I might well get diluted to nothing.

As such, unless I’m confident that I trust everyone involved, I would value equity quite low (and I’ve certainly been screwed out of equity in the past...)