An operating agreement spells out who has the authority to do what, what type of action requires a unanimous vote, what capital contributions each partner is contributing, how the company will take on new members, along with a number of other items.

Unanimous or majority rules? 

These decisions were unanimously supported by the members present.

I have however helped dozens of clients who have had to deal with their policies not being liquid, being charged 5 or 6 figures a year in fees, dealing with the tax implications of surrender fees, and almost unanimously nobody has understood what they were sold.As someone who is such a champion of these ideas, I'm hopeful you have some examples for all of us in this forum who would like to learn more. 

And almost unanimously experts agree a major recession is not in the cards for the near future.At the end of the day, you can always wait to see if prices drop or the US economy has a downturn but you could be waiting a long time.

Prior, most syndications were structured as a Tenant In Common (TIC) structure for the 1031 exchange investor.As a result, many of the active DST players are either reinvented from the ashes of that crisis, or entirely new.There are some inherent (unanimous voting by all members to make any decisions) reasons why the TIC was replaced by DSTs, but I’ll save you the history lesson.The most useful lesson coming out of the last recession (and I share your perspective on the cyclical pattern coming around the corner ahead) is how different asset classes faired.You can get that data from public filings from REITs, who have to report far more data and intel than OTC private placement investments.Fast forward to the COVID crisis.

Supreme Court unanimously held that a county's retention of the excess value of a home in a tax sale violated the Takings Clause of the Fifth Amendment.

Economists virtually unanimously indicate rent control is bad for tenants yet rent control gets enacted in new areas every year..

Update: the citywide "Missing Middle Housing" UDO text change proposal passed Planning Commission unanimously.

Everyone I chatted with seemed to unanimously recommend Online Ed over the others.