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

Some votes require 2/3, some require 3/4. 51% gives you a majority, but some votes require more of a unanimous vote.