It seems like the Managing Member controls 100% of the investment strategies and development dealings. Do the Limited Partners have any input regarding the project outcome?
It is true – the Managing Member is the sovereign leader of the project and maintains complete control over the entire operation. As we know, too many chefs can spoil the soup. A lot of trust must be given from LLC partners to the Managing Membership team. If there is a shadow of a doubt about your land development leadership, then we suggest this program is not one in which you should invest.
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