How much of ownership is necessary for a member to call a company meeting?

In many jurisdictions, particularly under limited liability company (LLC) laws, a member may be able to call a company meeting if they possess a certain percentage of ownership. The correct answer reflects a common threshold—5%—that is often set in operating agreements or statutory provisions. This percentage allows minority members a voice in governance and decision-making processes, ensuring that all members have the ability to convene meetings to discuss important issues affecting the company.

This threshold is designed to prevent larger members from completely overriding the interests of smaller ones, promoting fairness in corporate governance. Hence, with 5% ownership, a member can invoke their right to initiate a meeting, enabling them to address concerns, propose changes, or bring about actions such as votes on key company matters.

If the percentages mentioned in the other choices did not align with the typical standards, they likely reflect a misunderstanding or misinterpretation of the requirements commonly observed in business law regarding member rights and company governance.