The Ultimate Guide to LLC Structures: Managed LLC vs Manager Managed LLC

Learn the key differences between managed LLCs and manager managed LLCs, and discover which structure is right for your business.

Save 90% on your legal bills

Cimphony - AI Law Firm for small buisnesses

The Ultimate Guide to LLC Structures: Managed LLC vs Manager Managed LLC

As a business owner, it's essential to understand the different types of limited liability company (LLC) structures available to you. Two of the most common structures are managed LLCs and manager managed LLCs. In this article, we'll dive into the key differences between these two structures and help you decide which one is right for your business.

  1. What is a Managed LLC?

    A managed LLC is a type of LLC where the members (owners) are also responsible for managing the company. This means that the members are responsible for making decisions about the company's operations, finances, and strategy.

  2. What is a Manager Managed LLC?

    A manager managed LLC is a type of LLC where the members (owners) do not have to be involved in the day-to-day management of the company. Instead, the company appoints one or more managers to make decisions and manage the company's operations.

  3. Differences Between Managed LLC and Manager Managed LLC

    There are several key differences between managed LLCs and manager managed LLCs:

    • Management Structure: In a managed LLC, the members are responsible for managing the company, while in a manager managed LLC, the company appoints managers to make decisions.

    • Decision-Making Authority: In a managed LLC, the members have ultimate decision-making authority, while in a manager managed LLC, the managers have decision-making authority.

    • Liability: In a managed LLC, the members are personally liable for the company's debts and obligations, while in a manager managed LLC, the managers are personally liable for the company's debts and obligations.

    • Flexibility: Manager managed LLCs offer more flexibility in terms of management structure and decision-making authority, while managed LLCs offer more flexibility in terms of ownership structure.

  4. Which Structure is Right for Your Business?

    The right LLC structure for your business depends on several factors, including the size and complexity of your business, the level of involvement you want to have in the day-to-day operations, and your personal liability preferences. If you're unsure which structure is right for your business, consider consulting with a business attorney or accountant.

Legal help, anytime and anywhere

Join launch list and get access to Cimphony for a discounted early bird price, Cimphony goes live in 7 days
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Unlimited all-inclusive to achieve maximum returns
$399
$299
one time lifetime price
Access to all contract drafting
Unlimited user accounts
Unlimited contract analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
For a small company that wants to show what it's worth.
$29
$19
Per User / Per month
10 contracts drafting
5 User accounts
3 contracts analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Free start for your project on our platform.
$19
$9
Per User / Per Month
1 contract draft
1 User account
3 contracts analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Lifetime unlimited
Unlimited all-inclusive to achieve maximum returns
$999
$699
one time lifetime price

6 plans remaining at this price
Access to all legal document creation
Unlimited user accounts
Unlimited document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Monthly
For a company that wants to show what it's worth.
$99
$79
Per User / Per month
10 document drafting
5 User accounts
3 document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial
Base
Business owners starting on our platform.
$69
$49
Per User / Per Month
1 document draft
1 User account
3 document analyze, review
Access to all editing blocks
e-Sign within seconds
Start 14 Days Free Trial

Save 90% on your legal bills

Start Today