Manager Managementhttps://www.lukeko.com/7/manager-management 0
Select manager management in your articles or operating agreement.
An LLC can be managed by a single or group of managers from:
- one or more members
- one or more non-members
- a combination of the two
Manager management makes sense if there are outside investors who are not going to be managing the business. For example if a sole member wants to manage the business and gives membership interest to non managing family members who will step in management if or when the current manager steps down. Managers do not need to be members.
- just one manager is required
- there is no upper limit on number of managers
- members have the right to remove or replace managers
- members have the right to amend the articles or operating agreement