Contributing 

Can a corporation be a managing member of an LLC?

Leia Doyle

Can a corporation be a managing member of an LLC?

Yes! All states allow for other types of business entities (not only individuals) to serve as members of LLCs. Generally, there are very few restrictions limiting a corporation from being an LLC member. A corporation doesn’t even have to be incorporated in the same state as the one in which the LLC is organized.

Is a managing member the owner of an LLC?

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.

Can an LLC have no managing members?

All LLCs must have at least one member, but there is no upper limit on the number of members a business can have. This means that LLC members can take a full and active role in regular business operations or they may choose to designate a manager or managers to handle day to day responsibilities.

What is the managing member of an LLC called?

If you are member who also has management responsibilities, then you’re a “member-manager.” So, if you’re the head of the LLC, you could correctly refer to yourself as either a member, a manager, or a member-manager.

Can you have more than one managing member in an LLC?

How many managing members can an LLC have? Limited Liability Companies (LLCs) can have as many managing members as they choose, but it’s a good idea to lay out exactly who the company managers are and what they are responsible for in the LLC’s operating agreement.

Can LLC have 2 managers?

Limited Liability Companies (LLCs) can have as many managing members as they choose, but it’s a good idea to lay out exactly who the company managers are and what they are responsible for in the LLC’s operating agreement.

Can all members of an LLC be managers?

You can choose to have a member-managed LLC where all the members (owners) participate in running the business. Or, you can have a manager-managed LLC where only designated members, or certain nonmembers/outsiders, or a combination of members and nonmembers are given the responsibility to run the business.