Member Managed LLC's - A Problem Waiting to Happen
It is important to control who manages the LLC and who can bind the LLC to an agreement. You want to limit the liability that will incur with the members interacting with the public. All members will be liable for any mistake that may be made on behalf of the LLC.
Appoint a Manager to Lead your LLC
Steve explains why it is prudent and important to select a Manager to lead your LLC when there are several members vs. a Member-managed LLC. Unless your LLC is owned by only one Member, a Manager-led LLC is your best choice. Discover why...