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Does an LLC have a Board of Directors?

April 26, 2017Business Directors LLC small

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Does an LLC have a Board of Directors?

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An LLC does not have a board of directors. An LLC can be member-managed or manager-managed. In a manager-managed LLC, management authority lies with a board of managers, who do not necessarily have an ownership stake in the LLC. If the LLC is member-managed, the members (who are the owners) run the company. If a board is planned, it will be included in the LLC’s organizational plan upon initial filing with the state, and outlined in the written structure of the LLC. To learn more about LLCs, including quick answers to the top seven LLC questions, visit LegalZoom’s LLC Education Center.