Manager-Managed LLC

A Manager-Managed LLC (Limited Liability Company) is a business structure where specific individuals, called managers, handle the day-to-day operations, while the owners, known as members, take a more passive role. This arrangement allows members to invest in the business without being involved in daily management decisions. It’s useful for those who want to benefit from the business without needing to manage it directly. The managers can be members themselves or outside professionals, providing flexibility in how the business is run. This structure offers liability protection to its members, safeguarding their personal assets from business debts or lawsuits.