What Are the Duties of a Manager in an LLC?

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Responsibilities of an LLC Manager

  • An LLC manager oversees operations with authority from the operating agreement or members.
  • The manager handles day-to-day business.

Managing Member in an LLC

  • A managing member LLC oversees operations.
  • The Florida law removed the concept. All member-managed LLCs are now deemed member-managed.
  • Generally, an LLC member is not an employee.

Liability of an LLC Manager

  • Under LLC statutes, members are not personally liable for LLC obligations.
  • Recent cases have considered manager liability for debts under specific language stating members/managers are not liable solely by being or acting as such.

Important Information for LLC Managers

  • The manager has a fiduciary duty to the LLC and should serve and protect the company in its best interest.
  • Consult professionals to determine ownership implications for LLC managers.

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