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What is the definition of ownership as being the 51% owner?

April 26, 2017definition owner ownership

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What is the definition of ownership as being the 51% owner?

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The minority owner shall possess the power to direct or cause the direction of the management and policies of the business and to make the day-to-day decisions as well as major decisions on matters of management, policy and operations. It is the actual management of the business of those persons who have the ultimate power to hire and fire the managers. The minority owner should also carry a high rank in title as in CEO, President, etc.