I think you are legally obligated to notify minority shareholders if you reduce the firm's business activities by 75% or more, even if their is no formal dissolution.
It's possible that both sides have behaved wrongly.
Okay, I'm completely willing to admit that. I don't have all the facts in the matter. It is certainly conceivable that Vladimir did some crafty shit to piss Mihai off and that Mihai responded to this in kind. I just felt that Vladimir's arguments were getting ignored. There seemed to be a concentrated effort to paint him in the worst possible light on the basis of rather flimsy evidence. I guess this expense report business seemed pretty trivial to me.
Moreover, the only apparently neutral shareholder who came forward in the thread seemed to support Vladimir's claim that minority shareholders were not notified of the sale. And no, I don't think majority owners can legally sell off most of the assets of an LLC instanteously like this. If you are selling off almost all of the assets, you are required to give the minority owners a chance to comment on the sale
before you can proceed with it, not after it is already completed. If it is just a portion of the assets, then it is considered part of the regular business of the company and there is no need to notify shareholders in advance.
[Any lawyer here who can shed some light on this?]
