How Do I Know If My LLC Is Member-managed? Management Structures in LLCs
Member-Managed Structure Description: All members participate in operations and management. Ownership and Decision-making: Owners have collective control over decisions. Manager-Managed Structure Description: Designated members or non-members have authority to run the business. Ownership and Decision-making: Management authority with a professional manager or elected member(s). Default Management Structure Most states default to member-managed LLCs if no … Read more