Question: How is an LLC managed? An LLC may be member - managed or manager - managed: In a member - managed LLC , all of

How is an LLC managed?
An LLC may be member-managed or manager-managed: In a member-managed LLC, all of the members participate in management, and decisions are made by majority vote, but in a manager-managed LLC, the members designate a group of persons to manage the firm, with the management group consisting of only members, both members and nonmembers, or only nonmembers.
An LLC must be managed by a management group consisting of only members, both members and nonmembers, or only nonmembers.
An LLC may be member-managed, or manager-managed: In a member-managed LLC, all of the members participate in management, and decisions are made by majority vote, but in a manager-managed LLC, the members designate a group of persons to manage the firm, with the management group consisting of only nonmembers.
An LLC must be managed by all the members, with decisions made by majority vote.
How is an LLC managed? An LLC may be member-managed or

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