LLC Hierarchy — Business Tip

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LLC Hierarchy — 60 Second Business Tip

LLC Hierarchy

Similar to corporations, Limited Liability Companies have specific titles and expectations for these roles. There is less required formality that comes with running an LLC so likewise the hierarchy of the LLC is equally simple. There are two primary corporate hierarchy titles that come with an LLC: Members and Managers. Ownership in an LLC is represented by membership and an owner is titled a ‘Member’. There can be an unlimited number of members in an LLC hierarchy. A member does not have any unique role or responsibilities in the operation of the business, but they do maintain the responsibility of choosing a ‘Manager’. A manager in an LLC is the title given to the individual that runs the affairs of the business entity and generally the business itself. The manager of the LLC would be the one that the public would deal with and who is a contact person for the business.

If you have more questions about Nevada LLCs or corporate hierarchy titles in LLCs, call a Nevada Corporate Headquarters representative today, at 1-800-508-1729.

Tags: Business, Business Tip, Corporation, Entrepreneur, Inc, Incorporating Your Business, incorporation, Limited Liability Company, LLC, LLC Hierarchy, New Business, small business, Start a Business

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