Question
Kyra and James started a limited liability company five years ago. Kyra and James are the only directors and shareholders. Kyra owns 8,000 shares and
Kyra and James started a limited liability company five years ago. Kyra and James are the only directors and shareholders. Kyra owns 8,000 shares and James owns 2,000 shares. Kyra and James cannot agree on a major issue regarding the company's direction and they keep having serious arguments about this issue. Kyra comes to you and says that she wants to call a general meeting but James has told her that he won't attend the meeting. Kyra says that quorum is two members and so she wants to know what to do. She also wants to know what she can do if the company cannot function and needs to be closed down.
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