Hartford County Business Lawyer Discusses a Member Managed LLC vs a Manager Managed LLC
More often, I get asked as a Hartford County Business Lawyer the differences in a Member Managed LLC and a Manager Managed LLC. One of the big differences with a Member Managed LLC is the business partnership, while in a Manager Managed LLC it is ran more like a corporation. In a Manager Managed LLC the owners of the business act as a board of directors, having selecting a manager to act as a “CEO”. As a Hartford County Business Attorney I also let clients know that with a Member Managed LLC, the owners operate collectively working day-to-day.
If you ever need help operating a Member Managed LLC or a Manager Managed LLC, please contact our experienced Hartford County Business Lawyer.