LLC MANAGEMENT
We're now going to outline what the Management of the business will be. Typically, an LLC will be either "Member-Managed" or "Manager Managed".
A "Member Managed" LLC means that all of its members/owners are responsible for the day-to-day operations of the business.
A "Manager Managed" LLC means that one or more people/entities, which may or may not be a member/owner, may be responsible for the management of the day-to-day business.
In certain circumstances, it is possible to have more than one Manager.
In addition, if you will elect to have a CEO, we'll take that information here as well.
In most instances, our recommendation is to proceed as a “Manager Managed” LLC, unless we mentioned otherwise during our call.