Lately, as I’ve been exploring the ins and outs of starting my own business, I’ve found myself grappling with a crucial question: how should I structure the management of my LLC?

It’s a decision that’s been keeping me up at night because I know just how much it can impact the success of my venture. 

You see, the way we choose to manage our LLC can make all the difference in how efficiently it runs and how well it adapts to challenges. 

That’s why I’ve been trying to figure out which path is the right fit for me. So, let’s take a closer look at these two primary management structures and weigh their pros and cons together.

Understanding Member-Managed and Manager-Managed LLCs

Limited Liability Companies (LLCs) have become increasingly popular structures for businesses due to their flexibility, simplicity, and liability protection. One of the key decisions when forming an LLC is determining its management structure. Two common management structures for LLCs are member-managed and manager-managed.

What is Member-Managed LLCs?

In a member-managed LLC, all members (owners) have a direct role in the decision-making and day-to-day operations of the company. This structure is akin to a partnership, where each partner has a say in how the business is run. 

Small businesses, startups, and companies where the owners are actively involved in the operations frequently favor member-managed LLCs.

What are Manager-Managed LLCs?

Contrary to member-managed LLCs, manager-managed LLCs delegate the management responsibilities to appointed managers or professionals who may or may not be members of the LLC. 

In this structure, the members hold passive roles, providing capital and sharing in profits but leaving the operational decisions to designated managers. This model is common in larger LLCs or those where the members prefer to take a more hands-off approach to management.

Differences Between Member-Managed and Manager-Managed LLCs

When setting up a Limited Liability Company (LLC), one of the most critical decisions to make is how it will be managed. Let me explain the difference between mem-managed and manager-managed LLCs

1. Decision-Making Authority

In a member-managed LLC, all members typically share equal decision-making authority. Each member has a say in the strategic direction of the company and is involved in crucial operational decisions. This democratic approach promotes collaboration and ensures that the interests of all members are considered.

Imagine a group of three friends starting a software development company. They decide to form a member-managed LLC, where each friend has an equal vote in decision-making. Whether it’s deciding on project priorities, hiring new employees, or investing in new technology, all three friends have an equal say in shaping the direction of the business.

Conversely, in a manager-managed LLC, decision-making authority is delegated to appointed managers or professionals who may not necessarily be members of the LLC. These managers are entrusted with the responsibility of making operational decisions on behalf of the members.

Consider a real estate investment LLC with multiple passive investors who contribute capital but have little interest in the day-to-day operations. The LLC appoints a professional property manager to handle property acquisitions, leasing agreements, and maintenance tasks. While the investors have a financial stake in the company, they delegate decision-making authority to the appointed manager, who possesses expertise in real estate management.

2. Operational Control

Member-managed LLCs often operate with a collaborative approach, with members actively participating in day-to-day activities. This hands-on involvement allows members to have direct control over the operations. This ensures that their vision and goals are implemented effectively.

A family-owned restaurant operates as a member-managed LLC. While one family member oversees kitchen operations, another manages front-of-house activities, and yet another handles finances and administrative tasks. This collaborative effort ensures that the restaurant runs smoothly and reflects the collective vision of the family.

On the other hand, manager-managed LLCs provide a clearer delineation of roles, with appointed managers assuming responsibility for operational decisions. This structure can be advantageous for larger organizations or those with complex management needs.

For instance, a tech startup secures funding from venture capitalists and decides to operate as a manager-managed LLC. The founders appoint an experienced CEO to lead the company’s growth and development. 

Further, the CEO, supported by a team of department heads, makes strategic decisions regarding product development, marketing strategies, and resource allocation. At the same time, the investors take a more hands-off approach to day-to-day operations.

3. Flexibility vs. Structure

Member-managed LLCs offer greater flexibility in decision-making and operations. Since all members are actively involved, decisions can be made swiftly in response to changing market conditions or business needs.

For instance, a small marketing agency operates as a member-managed LLC. This allows its team of creative professionals to adapt quickly to client demands and industry trends. With each team member contributing ideas and expertise, the agency can pivot its strategies, launch new campaigns, and explore innovative approaches without bureaucratic hurdles.

In contrast, manager-managed LLCs provide a more structured approach to management, which can be beneficial for larger organizations requiring clear lines of authority and decision-making processes.

For instance, a chain of retail stores opts for a manager-managed LLC structure. Regional managers are appointed to oversee operations in their respective areas. It adheres to standardized policies and procedures set forth by the central management team. 

This structured approach allows the company to maintain brand integrity, streamline operations, and achieve economies of scale.

4. Member Involvement

In member-managed LLCs, all members are typically actively involved in the business’s operations, fostering a sense of ownership and commitment to its success.

For instance, a group of freelance graphic designers forms a member-managed LLC to collaborate on projects and share resources. Each designer contributes their unique skills and expertise to client projects. They ensure high-quality deliverables and client satisfaction. 

The collaborative nature of the LLC strengthens the bond between members. Thus, it leads to a shared sense of pride in the work they produce together.

Manager-managed LLCs may attract passive investors or individuals who prefer to avoid being directly involved in the day-to-day management of the business. These investors contribute capital to the company but delegate operational responsibilities to appointed managers.

For instance, an investor provides funding to a startup in the healthcare technology sector. This investor is opting for a passive role in the company’s management. 

The startup operates as a manager-managed LLC, with the investor entrusting a seasoned entrepreneur to lead the company’s development and execution of its business plan. While the investors remain informed about major decisions and strategic direction, they rely on the appointed manager to oversee operations and drive growth.

The Pros and Cons of Member-Managed LLCs

Limited Liability Companies (LLCs) have gained popularity among entrepreneurs and small business owners due to their flexible structure and liability protection. Let’s explore the pros and cons of member-managed LLCs in detail.

The Pros of Member-Managed LLCs

Shared Decision-Making

In a member-managed LLC, decision-making authority is distributed among all members. It gives each individual a voice in the company’s affairs. This shared responsibility fosters a collaborative environment where diverse perspectives are valued In addition, the decisions are made collectively based on the best interests of the business.

For example, imagine a group of friends who decide to start a clothing boutique as a member-managed LLC. Each friend brings a unique skill set and perspective to the table. 

This allows them to collaborate on important decisions such as selecting inventory, setting prices, and developing marketing strategies. With the insights and knowledge of all members, the boutique can make well-informed decisions that truly connect with its target audience and pave the way for success.

Direct Control

Member-managed LLCs provide members with direct control over the day-to-day operations of the business. This hands-on involvement allows members to oversee the implementation of strategies, monitor performance, and address issues promptly.

Consider a family-owned farm operating as a member-managed LLC. Each family member plays a role in planting, harvesting, and managing the farm’s operations. By actively participating in the day-to-day activities, the family members not only ensure the success of the farm but also strengthen their bond as a family unit.

Flexibility

Member-managed LLCs offer greater flexibility in decision-making and operations compared to more centralized management structures. Since all members are actively involved, decisions can be made swiftly in response to changing market conditions, emerging opportunities, or evolving business needs.

For instance, a group of freelance designers forms a member-managed LLC to collaborate on projects. With each designer contributing their unique skills and expertise, the LLC can adapt quickly to client demands, pivot strategies, and explore new opportunities without bureaucratic hurdles. This flexibility enables the LLC to stay agile and competitive in a dynamic marketplace.

Alignment of Interests

With all members actively engaged in the management of the LLC, there is a strong alignment of interests between the owners and the company’s goals. This shared sense of purpose promotes a culture of teamwork, accountability, and commitment.

Imagine a group of musicians who decide to form a member-managed LLC to produce and distribute their music independently. Each musician has a vested interest in the success of the LLC, as their individual success is directly tied to the collective success of the group. This alignment of interests motivates the members to work collaboratively toward achieving their shared goals.

Lower Costs

In many cases, member-managed LLCs may have lower operational costs compared to manager-managed structures. Since members are directly involved in the day-to-day operations, there may be less need to hire external managers or professionals to oversee the business. Thus resulting in cost savings for the company.

For example, a group of software developers decides to establish a member-managed LLC to create and sell mobile applications. 

By utilizing their combined expertise and resources, the developers can handle the majority of the business internally, reducing the need for outsourcing or hiring additional staff. This cost-effective approach enables the LLC to allocate resources better and maximize profitability.

Ease of Communication

Communication channels are often more open and transparent in member-managed LLCs. All members have direct access to information and decision-makers within the organization. This facilitates efficient communication, collaboration, and problem-solving. This enables the company to address issues promptly and make informed decisions.

Consider a marketing agency operating as a member-managed LLC. With regular team meetings, open-door policies, and transparent communication channels, employees feel empowered to share ideas, provide feedback, and raise concerns. This open communication culture promotes a sense of trust and camaraderie among team members. 

The Cons of Member-Managed LLC

Potential for Conflict

In a member-managed LLC, disagreements among members can arise. It leads to conflicts that may hinder decision-making and disrupt operations. Differences in opinions, priorities, or management styles can create tensions within the organization. Thus, effective conflict-resolution mechanisms are required to maintain cohesion and productivity.

For instance, imagine a member-managed LLC where two co-founders have differing visions for the company’s future direction. Despite their best efforts to compromise, they struggle to reach a consensus on critical decisions such as product development or market expansion. This disagreement can create friction within the organization and impede progress if not addressed promptly and constructively.

Complex Decision-Making Processes

In larger member-managed LLCs with multiple members, reaching a consensus on important decisions can be challenging and time-consuming. The need to accommodate diverse perspectives and preferences may slow down decision-making processes.

Imagine a professional services firm that operates as a member-managed LLC with numerous partners. When it comes to making strategic decisions such as mergers, acquisitions, or changes in service offerings, achieving consensus among all partners may necessitate thorough discussion and negotiation. This complexity can significantly delay decision-making timelines and impede the company’s agility in responding to market opportunities or threats.

Limited Specialization

Member-managed LLCs may lack specialized expertise in certain areas. This limitation could hinder the company’s ability to address complex challenges or pursue opportunities that require specialized knowledge or experience.

For example, consider a member-managed LLC in the healthcare industry where all members are physicians with clinical expertise but need more business acumen. 

When it comes to strategic planning, financial management, or regulatory compliance, the LLC may need external guidance or expertise to navigate complex business dynamics. This reliance on generalist skills may limit the company’s growth potential or expose it to unnecessary risks.

Dependency on Active Involvement

The success of a member-managed LLC heavily relies on the active involvement and commitment of its members. If critical members become disengaged or face personal challenges that affect their availability, it can impact the company’s ability to function effectively and may require restructuring or realignment of responsibilities.

Imagine a member-managed LLC where one of the founding members decides to take a sabbatical to pursue personal interests. Despite their absence, the remaining members must step up to fill the void and ensure continuity in day-to-day operations. This dependency on active involvement can create vulnerabilities within the organization if not addressed proactively.

Difficulty Scaling Operations

As member-managed LLCs grow in size or complexity, maintaining the same level of direct involvement and decision-making authority for all members may become impractical. 

Scaling operations without sacrificing efficiency or cohesion may require transitioning to a more structured management model or implementing additional governance mechanisms.

Consider a member-managed LLC in the technology sector that experiences rapid growth and expansion. As the company adds new products, enters new markets, and hires additional employees, decision-making processes may become more cumbersome, and operational challenges may arise. To sustain growth momentum, the LLC may need to adopt hybrid management.

The Pros and Cons of Manager-Managed LLCs

Let us explore the pros and cons of manager-managed LLCs in detail.

The Pros of Manager-Managed LLC

Clear Lines of Authority

Manager-managed LLCs provide clear lines of authority. Manager-manage LLC delegates its management responsibilities to appointed managers or professionals. This hierarchical structure streamlines decision-making processes and ensures that operational decisions are made efficiently and effectively.

For example, imagine a real estate investment LLC with multiple passive investors who prefer to avoid being involved in day-to-day operations. By hiring a skilled property manager to handle property acquisitions, leasing agreements, and maintenance tasks, the LLC can ensure that management decisions are in line with its investment goals and optimize returns for its members.

Specialized Expertise

Manager-managed LLCs allow businesses to leverage the specialized expertise of appointed managers or professionals in specific areas of operation. These individuals often bring years of experience and industry knowledge to the table.

Consider a technology startup operating as a manager-managed LLC. The founders appoint a seasoned CEO with a background in product development and marketing to lead the company’s growth strategy. With the CEO’s expertise, the startup can make strategic decisions, identify market opportunities, and allocate resources efficiently to drive innovation and market expansion.

Efficient Operations

Manager-managed LLCs are often more efficient in their day-to-day operations compared to member-managed structures. Appointed managers or professionals are responsible for overseeing operational tasks and implementing strategies. This allows members to focus on broader strategic initiatives and long-term growth objectives.

For instance, consider a manufacturing company operating as a manager-managed LLC. The owners appoint a production manager to oversee manufacturing processes, optimize production schedules, and manage inventory levels. With the production manager’s expertise, the company can minimize production downtime, reduce waste, and improve overall operational efficiency.

Scalability

Manager-managed LLCs are well-suited for businesses that anticipate rapid growth or expansion. The delegated management structure allows the company to scale its operations more effectively by empowering appointed managers to oversee specific areas of the business and delegate responsibilities as needed.

Imagine a retail chain operating as a manager-managed LLC. As the company expands into new markets and opens additional storefronts, regional managers are appointed to oversee operations in their respective areas. 

This decentralized management approach enables the company to maintain consistency in operations while adapting to local market dynamics and customer preferences.

Mitigation of Conflicts

Manager-managed LLCs can help mitigate conflicts that may arise among members by establishing clear roles and responsibilities for appointed managers. This reduces the likelihood of disagreements over operational decisions. It also promotes a more harmonious working environment within the organization.

For example, consider a professional services firm operating as a manager-managed LLC. The partners appoint a managing partner to oversee day-to-day operations. relationships, and strategic planning. With the managing partner’s leadership, the firm can streamline decision-making processes, resolve conflicts, and maintain a focus on delivering high-quality services to clients.

The Cons of Manager-Managed LLC

Loss of Direct Control

One of the main drawbacks of manager-managed LLCs is the loss of direct control for members over day-to-day operations. Appointed managers or professionals are responsible for making operational decisions on behalf of the members, which can result in a disconnect between ownership and management.

For instance, imagine a manager-managed LLC where the appointed manager makes strategic decisions without consulting the members. If the decisions do not align with the members’ objectives or preferences, it can lead to frustration and dissatisfaction among the ownership group.

Dependency on Managerial Talent

Manager-managed LLCs are heavily reliant on the talent and expertise of appointed managers or professionals. If the appointed manager leaves the organization or fails to perform effectively, it can disrupt operations and hinder the company’s ability to achieve its goals.

Consider a manager-managed LLC where the appointed CEO resigns unexpectedly. With a qualified replacement, the company may be able to find suitable leadership, resulting in uncertainty and instability within the organization.

Risk of Agency Problems

Manager-managed LLCs may need help with agency problems where appointed managers prioritize their interests over those of the members. This can result in conflicts of interest, moral hazard, and adverse outcomes for the company if managers pursue actions that benefit themselves at the expense of the organization.

For example, imagine a manager-managed LLC where the appointed manager receives bonuses based on short-term financial performance metrics. In pursuit of maximizing their bonuses, the manager may make decisions that sacrifice long-term sustainability or ethical considerations. This leads to negative consequences for the company and its members.

Limited Member Involvement

In manager-managed LLCs, members may have limited involvement in day-to-day operations. Thus, it leads to a sense of detachment or disengagement from the business. This can weaken the members’ connection to the company and diminish their sense of ownership and commitment.

Consider a manager-managed LLC where the appointed manager handles all operational tasks without consulting the members. Over time, the members may feel marginalized or excluded from decision-making processes. Thus, it leads to a lack of investment in the company’s success and potentially hinders its long-term growth prospects.

Potential for Mismanagement

Manager-managed LLCs are susceptible to mismanagement if appointed managers lack the necessary skills and experience. Without proper oversight and accountability mechanisms in place, mismanagement can result in financial losses, reputational damage, and legal liabilities for the company and its members.

For instance, imagine a manager-managed LLC where the appointed manager engages in fraudulent activities such as embezzlement or misappropriation of funds. If the members fail to detect or prevent these actions, it can have severe consequences for the company’s financial stability and legal standing.

How to Choose the Right Management Structure for Your LLC

Selecting the appropriate management structure is a crucial decision when forming a Limited Liability Company (LLC). The choice between member-managed and manager-managed LLCs significantly impacts how your business operates. Let me explore the following key factors to consider when choosing the right management structure for your LLC.

1. Understand the Differences

Before making a decision, it’s essential to understand the fundamental differences between member-managed and manager-managed LLCs.

• Member-Managed LLCs

 In this structure, as stated above, all members have equal authority in decision-making. They are actively involved in the business’s day-to-day operations. This approach is well-suited for small businesses, startups, and organizations where members want to maintain direct control and involvement.

• Manager-Managed LLCs

In contrast, manager-managed LLCs delegate management responsibilities to appointed managers or professionals who may or may not be members of the LLC. This structure is common in larger organizations or those where members prefer a more hands-off approach to management.

2. Consider Your Business Needs

Assessing your business’s unique needs and objectives is critical to determining the most suitable management structure.

• Size and Complexity

Consider the size and complexity of your business’s operations. Member-managed LLCs are often preferred for smaller businesses with fewer members. At the same time, manager-managed structures may be more suitable for larger organizations requiring specialized expertise and clear lines of authority.

• Ownership Structure

Evaluate the ownership structure of your LLC and the level of involvement each member desires. A member-managed structure may be more appropriate if all members want to participate actively in decision-making and operations. 

However, if some members prefer a passive role, a manager-managed approach allows for effective delegation of responsibilities.

• Long-Term Goals

Consider your long-term growth and expansion plans. Will your business scale rapidly, or do you anticipate remaining relatively small? 

Manager-managed LLCs offer scalability advantages, making them ideal for businesses with ambitious growth objectives. However, if maintaining close-knit teamwork and shared ownership is a priority, a member-managed structure may be more suitable.

3. Evaluate Expertise and Resources

Assess the expertise, skills, and resources available within your LLC, as well as any gaps that need to be addressed.

• Management Expertise

Determine whether members possess the necessary management skills and experience to oversee the business effectively. If members need more managerial expertise, a manager-managed structure allows you to appoint professionals with specialized knowledge to lead the organization.

• Financial Resources

Consider your LLC’s financial resources and budget for management salaries or fees. Manager-managed LLCs may require allocating funds for hiring qualified managers, whereas member-managed structures rely on the collective efforts of members without additional payroll expenses.

• Industry Knowledge

Evaluate the industry knowledge and connections of members and potential managers. Choosing a management structure that aligns with the industry’s best practices and regulatory requirements can enhance your LLC’s competitiveness and mitigate risks.

4. Assess Risk Tolerance and Control Preferences

Consider your risk tolerance and preferences regarding control and decision-making authority within your LLC.

• Risk Tolerance

Assess your LLC’s risk tolerance and the level of control you want to maintain over operations. Member-managed LLCs offer more direct control and oversight. This allows members to respond quickly to market changes and mitigate risks. 

In contrast, manager-managed structures may provide a buffer against individual member liability but involve relinquishing some control to appointed managers.

• Control Preferences

Determine how much control you are willing to delegate to appointed managers or professionals. While manager-managed LLCs streamline decision-making and operational processes, they may limit members’ direct involvement in the business’s day-to-day affairs. 

Consider whether you value autonomy and collaborative decision-making or prefer a more structured management approach.

5. Seek Professional Advice

Consulting with legal and financial professionals experienced in LLC formation and management can provide valuable insights and guidance.

• Legal Considerations

Seek advice from a qualified attorney specializing in business law to ensure compliance with state regulations and legal requirements. An attorney can help you understand the implications of each management structure. In addition, it helps you draft an appropriate operating agreement to formalize governance arrangements.

• Financial Analysis

Work with a financial advisor to conduct a thorough financial analysis and assess the potential impact of each management structure on your LLC’s profitability, cash flow, and long-term sustainability. Consider factors such as taxation, liability protection, and financial reporting obligations when making your decision.

6. Review Operating Agreement

Developing a comprehensive operating agreement is essential for defining the roles, responsibilities, and decision-making processes within your LLC.

Draft an operating agreement that clearly outlines the management structure, voting rights, profit distribution, and dispute resolution mechanisms. Whether you choose a member-managed or manager-managed structure, the operating agreement serves as a roadmap for governance and ensures alignment among members.

Design the operating agreement to accommodate potential changes in the management structure or membership over time. Flexibility is crucial in adapting to evolving business needs and addressing unforeseen challenges while maintaining clarity and accountability within the organization.

LLC Renewals and Ongoing Compliance Requirements

Once you’ve successfully established your Limited Liability Company (LLC), it’s essential to understand that maintaining compliance with state regulations and fulfilling renewal requirements is crucial for the continued operation of your business. 

LLC renewals and ongoing compliance requirements vary depending on the state where your LLC is registered. Still, they generally include annual filings, payment of fees, and adherence to specific reporting obligations.

Failure to comply with these requirements can result in penalties, fines, or even the dissolution of your LLC. Therefore, staying informed about your state’s renewal and compliance obligations is essential for ensuring the longevity and legal standing of your LLC.

Annual Report

In most states, LLCs are required to file an annual report or statement of information with the appropriate state agency, typically the Secretary of State’s office. 

This report normally includes basic information about the LLC, such as its name, principal place of business, registered agent, and member or manager information. The purpose of the annual report is to ensure that the state has accurate and up-to-date information about the LLC for administrative and regulatory purposes.

Annual Fees

In addition to annual reports, LLCs are often required to pay annual fees or taxes to the state in which they are registered. These fees can vary widely depending on the state and may be based on factors such as the LLC’s revenue, number of members, or other criteria. It’s essential to budget for these fees and ensure that they are paid on time to avoid late penalties or other consequences.

Periodic Reports

In some states, LLCs are also required to file additional periodic reports or disclosures, such as changes to membership or ownership interests, amendments to the LLC’s operating agreement, or updates to the LLC’s registered agent or address. 

These requirements are designed to keep the state informed about any changes to the LLC’s structure or operations that may impact its legal standing or regulatory compliance.

Compliance requirements for LLCs may also extend beyond state-level obligations to include federal tax filings, industry-specific regulations, or licensing requirements. 

For example, LLCs that engage in certain regulated industries, such as finance, healthcare, or professional services, may be subject to additional licensing or certification requirements imposed by state or federal agencies.

To ensure ongoing compliance with renewal and reporting requirements, LLC owners need to stay organized and keep accurate records of all relevant documents and deadlines. 

Many states offer online filing portals or electronic reminders to help LLCs stay on top of their compliance obligations. Additionally, seeking guidance from legal or financial professionals who specialize in business compliance can provide valuable support and expertise in navigating complex regulatory requirements.

The Pros and Cons of Member-Managed and Manager-Managed LLCs: Conclusion

As business owners manage the intricacies of forming and managing a Limited Liability Company (LLC), they must carefully consider which management structure best aligns with their objectives, preferences, and operational requirements. Both member-managed and manager-managed LLCs have distinct advantages and disadvantages that should be carefully considered.

Regardless of the management structure chosen, LLC owners must prioritize ongoing compliance with regulatory requirements, maintain open communication with stakeholders, and seek professional advice when necessary. By proactively managing these aspects of their business, LLCs can reduce risks, maximize opportunities, and position themselves for long-term growth and success in a constantly evolving business world.

The Pros and Cons of Member-Managed and Manager-Managed LLCs: Frequently Asked Questions

Can an LLC switch from one management structure to another after formation?

Yes, in most states, an LLC can change its management structure from member-managed to manager-managed or vice versa by amending its operating agreement. This typically requires a formal vote among the members and updating relevant documentation with the state authorities.

How do the management structures of LLCs affect liability protection for members?

Both member-managed and manager-managed LLCs provide limited liability protection for their members, meaning that personal assets are generally shielded from business liabilities. However, LLCS need to maintain compliance with regulatory requirements to preserve this protection.

Do manager-managed LLCs have more stringent reporting requirements than member-managed LLCs?

Not necessarily. While manager-managed LLCs may delegate operational responsibilities to appointed managers, the reporting requirements often depend on state regulations rather than the LLC’s management structure. Both types of LLCs typically have to file annual reports and adhere to specific reporting obligations.

Are there any tax implications associated with choosing a particular management structure for an LLC?

The management structure of an LLC does not directly affect its tax treatment. LLCs have the flexibility to choose their tax classification, either as a disregarded entity, partnership, S corporation, or C corporation. However, the management structure may indirectly impact tax planning strategies and the distribution of profits among members.

Can an LLC have a combination of member-managed and manager-managed divisions?

Yes, some LLCs may opt for a hybrid management structure where members manage certain aspects of the business while appointed managers oversee others. This approach allows LLCs to leverage the strengths of both management models and tailor their operations to suit their specific needs and objectives.

The Pros and Cons of Member-Managed and Manager-Managed LLCs – Recommended Readings

The Role of Trusts and Estate Planning in Protecting Your LLC

Understanding LLCs in North Carolina: Setting Yourself Up For Success

Optimizing Online Platforms for LLC Growth

Member-managed LLC Vs. Manager-managed LLC: Which Structure Best Fits Your Business?

How to Structure an LLC: Member-Managed vs. Manager-Managed

What Is a Manager-Managed Single-Member LLC?