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LegalCornerTM - Limited Liability Company F.A.Q.'s

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Q.Member-managed vs. manager managed LLCs?

A.When all of the members directly manage the limited liability company ("LLC"), it is a member-managed LLC. By contrast, when the members elect or appoint some of the members to be managers to manage the LLC, it is a manager-managed LLC. Your Articles of Organization, or Operating Agreement, should specify which management method best suits your needs.

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