Understanding Roles in an LLC: Members vs. Managers Explained | Key Differences and Responsibilities
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Understanding Roles in an LLC: Members vs. Managers Explained | Key Differences and Responsibilities
In a Limited Liability Company (LLC), the difference between a member and a manager lies in their roles and responsibilities within the company. 1. Member: A member is an individual or entity that has ownership interest in the LLC. Members can be individuals, corporations, partnerships, or other LLCs. They contribute capital to the company and ...
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