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What is the organizational structure of a Limited Liability Company?

April 26, 2017limited liability company Organizational structure

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What is the organizational structure of a Limited Liability Company?

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The owners of an LLC are called Members. The Members can choose to manage the LLC directly or to appoint a Manager or a Board of Managers to manage the LLC. A Member can also serve an LLC as its Manager, just as a shareholder can serve a corporation as its director and/or as the officers.