LLC Member Titles
Limited liability companies (LLCs) have no legal title requirements. Owners of LLCs are called members. LLC members can choose any titles they want, such as owner, founder, managing member, president, or CEO.
The choice of titles depends on the LLC management structure and roles of each member. Using clear titles aids in distinguishing members’ functions and clarifying their responsibilities.
Common LLC Titles
- Owner/Founder: Simple and accurate for sole LLC owners
- Managing Member: Indicates responsibility for daily operations
- President/CEO: Formal titles suggesting final decision-making authority
- Directors: Highlights specialized roles like Creative Director
Vague, made-up, or confusing titles should be avoided. Clarity is most important when choosing LLC member titles.
Considerations When Choosing Titles
In some LLCs, the members actively manage the business (member-managed LLCs). In others, someone other than the members handles operations (manager-managed LLC).
LLC distributions refer to shares of profits that an LLC distributes to its owners. Members pay taxes on the distributions they receive.
LLC Owner Titles
What title should I use for my LLC?
Owners of LLCs are called members. LLC members can choose any titles they want. The choice of titles depends on the LLC management structure and roles of each member. Using clear titles aids in distinguishing members’ functions. Some common LLC titles include: Owner/Founder for sole LLC owners, Managing Member for those responsible for daily operations, President/CEO suggesting final decision-making authority, and Directors highlighting specialized roles. Vague or confusing titles should be avoided. Clarity is most important when choosing LLC member titles.
LLC Owner Considerations
What do LLC owners call themselves?
An owner of an LLC is called a member. What LLC members call themselves — titles for LLC owners — depends on their roles and what is appropriate for their involvement in operating the business.
Other LLC Titles
Other LLC Titles:
Shareholders hold shares but have limited rights compared to members. Corporate officer titles like vice president and treasurer may be appointed, but their power is determined by members. Registered agents handle governmental documents on behalf of the LLC.
Good Choices for LLC Owner Titles
All LLC managers have a duty to act in good faith and care for the interests of the members.
Forming an LLC
Forming an LLC protects personal assets while allowing pass-through taxation. To start an LLC: Select a state, choose a business name, file formation documents, create an operating agreement, obtain licenses and permits, and open a business bank account. An LLC formation service can help with the process.