Question: Explain the difference between a manager managed and member managed LLC by answering the following questions. 1 . In a member - managed LLC who
Explain the difference between a manager managed and member managed LLC by answering the following questions.
In a membermanaged LLC who makes decisions regarding how the LLC operates? How are management responsibilities divided up If a member has made a greater capital contribution to the LLC than the other members, does heshethey have greater rights to manage the business than the others?
Do members of a managermanaged LLC who have not been designated as manager's have fiduciary duties like the duty of loyalty and the duty of care to the LLC Explain.
In a managermanaged LLC does a member owner who has not been designated as a manager have right any right to make management decisions for the LLC Are there decisions regarding the management of an LLC that cannot be delegated to managers and must be made by members of a managermanaged LLC If so what are they?
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