What happens if you only have 3 shareholders (30%/30%/40%) holding all the shares. How can you obtain a 75% majority to force change in a company?

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To RJC - with a share split 30/30/40 you will never have the requisite maajority unless all of the shareholders are in accord - other than for ordinary resolutions requiring a simple majority. In this ase anuy two out of three.

I suspect that the company was deliberately set up in this way and unless all of the shareholders agree to change this situation it will remain in place.

The only remedy available, which will preserve the business of the company, is for the majority shareholders to buy out the dissenting member.

Hope this helps but I cannot offer any words of consolation other than to hope that if there is a problem that good sense will eventulaly prevail.

To RJC - with a share split 30/30/40 you will never have the requisite maajority unless all of the shareholders are in accord - other than for ordinary resolutions requiring a simple majority. In this ase anuy two out of three.

I suspect that the company was deliberately set up in this way and unless all of the shareholders agree to change this situation it will remain in place.

The only remedy available, which will preserve the business of the company, is for the majority shareholders to buy out the dissenting member.

Hope this helps but I cannot offer any words of consolation other than to hope that if there is a problem that good sense will eventulaly prevail.