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In a manager-managed LLC, members appoint or hire a manager or managers to run the business. Whoever manages your LLC will be able to open and close bank accounts, hire and fire employees, enter contracts, and take out loans.
Essentially, with member-managed LLCs, all members participate in the day-to-day operations and management. With a manager-managed LLC, only designated member(s) or non-member(s) have the authority to run the business. Other members are considered passive investors and are not involved with day-to-day operations.
Member: A member functions similar to a stockholder of a corporation. The member is still an owner of the LLC but does not necessarily make the hard decisions in regard to its operations. Manager: The manager of the LLC is basically the director. The manager takes care of business operations and the hard decisions.
If you are a single-member LLC, youthe ownerare the manager. Major decisions, such as loans and contracts, require a majority of the vote for approval.
A manager may be a member but does not have to be. A manager may be another LLC or a corporation unless your state sets restrictions on the types of entities that may be managers of an LLC. Most LLCs are member-managed by default in most states.

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Member: A member functions similar to a stockholder of a corporation. The member is still an owner of the LLC but does not necessarily make the hard decisions in regard to its operations. Manager: The manager of the LLC is basically the director. The manager takes care of business operations and the hard decisions.
A member-managed LLC includes members (owners) in company operations, making each an agent to officially act on behalf of the company. This structure doesnt necessarily require administrative responsibilities and power to be divided equally.
Liability of managers: A manager is not liable for the LLCs debts and obligations. However, they may be held liable to the LLC or its members. For example, a manager may be liable for a bdocHub of fiduciary duty or of the operating agreement, or for voting for the unlawful distribution of the LLCs assets.
Most people who set up an LLC choose member management, meaning that all the members share responsibility for the day-to-day running of the business. This approach is more common in part because most LLCs are small businesses with limited resources and they dont need a separate management level to operate.
A limited liability company (LLC) managing member is both an LLC owner and someone who keeps the business running on a day-to-day basis. The managerial aspect generally includes having the authority to make decisions and enter into contracts on behalf of the business.

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operating agreement - SEC.gov

The Operating Agreement of SEED HOLDING, LLC. was originally effective as of June 27, 2008, having been adopted by the original member.

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LIMITED LIABILITY COMPANY OPERATING AGREEMENT

5.1. 1 The Members, within the authority granted by the Act and the terms of this Agreement shall have the complete power and authority to manage and operate

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