eli5: What, if any, are the functional differences between someone buying 51% of your company and 100% of your company?

Question

Are there even any large functional differences?

Obviously in terms of decision making, there is no difference since 51>49 so you control who is on the board.

But what about company assets? If you own 51% of a company, I guess you do not own the assets entirely.

Do you have more freedom and power in this respect by having 100% ownership?

Thanks!

In: Other

Answer 1

The main difference is who gets the profits. Owning 49% of a company may not offer you the control that a majority share would but it does offer nearly half of the annual profit.