Manager-Managed Operating Agreement.
Manager-managed LLC operating agreement. Designated managers run day-to-day; members are passive.
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And should not have day-to-day authority.
Non-member manager brought in.
Multiple investor-members and property manager.
Parent appoints management.
What to avoid.
Align both on management structure.
Vague descriptions create disputes.
Governance becomes a mess.
Will not serve without protection.
Common questions.
Can a manager be a non-member?
Can a member-manager be fired?
What is a "Major Decision"?
Does this affect taxation?
Should I switch from member-managed?
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