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| LLC Managers |
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| Managers of LLCs
LLCs can be "member-managed" or "manager-managed." In a "member-managed" LLC, managerial control and binding authority are vested in all of the members of the LLC. Thus, all members are active participants in the management of their business.
"Manager-managed" is where one or more managers are appointed to take responsibility for managing the LLC. Managers may or may not be members of the LLC. The non-managing members simply sit back and share in the LLC profits. In a manager-managed LLC, only the appointed managers get to make management decisions and act as agents of the LLC.
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