Connecticut Business Attorney Discusses a Member Managed LLC vs. a Manager Managed LLC

Clients ask me as Connecticut Business Attorney, what is the difference between a member managed LLC and a manager managed LLC?

A member managed LLC is much like a partnership, while a manager membered LLC is governed much like a corporation. Think of the manager in a manager managed LLC as a CEO, and the owners are the members that hire the manager to run the business. I advise clients as a Connecticut Business Attorney that in essence, they act as the board of directors in a member managed LLC. In contrast, in a member managed LLC each member and all the members collectively manage the operations and run the day-to-day business of the LLC.

This informational blog post was brought to you by Attorney Eric L. Foster, an experienced Connecticut Business Attorney.

About the author

Lindh Foster, LLC

Connecticut Business Lawyer & Debtors Rights Attorney, Eric Foster of Lindh Foster, LLC, has been practicing law for over 25 years in Connecticut, New York and Hong Kong, China. As a Connecticut Business Lawyer, Eric Foster’s legal practice currently centers around representing small businesses and entrepreneurs, in selecting their business structure, forming their businesses, and managing their business transactions. As a former attorney at the Federal Reserve Bank of New York where he focused on the regulation of banks’ lending activities, Attorney Foster is also a passionate consumer advocate and a member of the National Association of Consumer Advocates (NACA). As a Debtor Rights Attorney, Attorney Foster enjoys advocating for and representing consumer debtors in connection with credit card, student loan and other debts they allegedly owe creditors and debt collectors.

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