Overview of LLC Structure and Titles
A limited liability company (LLC) combines a corporation with a partnership or sole proprietorship. LLC owners are called members. Despite protection of personal assets, a single-member LLC owner must be responsible for all LLC functions.
LLC members can give themselves titles like “CEO” or “President” if outlined in an operating agreement. CEOs can be owners. Owners can play passive or direct roles in a business.
The Role of CEO in an LLC
A CEO oversees operations and implements plans, keeping a company on course. An LLC can have member-managed or manager-managed leadership. Members may appoint a president, CEO, or managers. Owners often use the CEO title as they are the top person in charge. All states allow LLCs to establish a CEO or president position if defined in an operating agreement. The state must know who can legally sign for an LLC.
Distinguishing Between Owner and CEO
What is the difference between owner and CEO of an LLC?
Understanding Ownership in an LLC
What is an owner of an LLC called?