Manager Managed vs Member Managed (What's Best for Your LLC?)

As a 25+ year business attorney, I'm often asked to compare a Manager Managed vs Member Managed LLC. Manager Managed vs Member Managed is the most important decision you can make for your Limited Liability Company (LLC). This video answers that question, and by the end you'll know whether to choose a Member vs Manager Managed LLC. In addition to choosing whether to be a Member Managed vs Manager Managed Limited Liability Company, it's important to take these additional steps after forming your LLC:    • What To Do After Forming an LLC - 6 Crucia...   If you want a very high quality attorney-drafted Operating Agreement (and/or other contracts and forms), note that a related company of mine is offering them at a fraction of the price you'd pay an attorney. Go here to learn more (and receive a 10% discount): https://www.legaltemplatestore.com If you want a free template Operating Agreement, I have a video walkthrough on how to create an Operating Agreement for free here:    • Operating Agreement for LLC (Free Template...  . If you need a virtual office address so you can have a professional address outside your home, this company is in almost all states (and some other countries as well): https://bit.ly/AllianceVirtualOffices (affiliate) If you want more details on what should go into your LLC Operating Agreement, go here:    • What to Include in Your Operating Agreement   If you have not yet set up an LLC and want to do it on your own with my tutorial, the link to my video on "How to Form an LLC (Limited Liability Company)" is:    • How to Create an LLC In 15 Minutes Online ...   If you are not yet sure what entity is best for you, here is the link to my video on how to choose the best entity for your business:    • LLC vs S-Corp vs C-Corp vs Sole Proprietor...   If you are in California or doing business in California and would prefer an attorney to set up your entity or draft your documents, you can reach me at https://www.chrisjacksonlaw.com. 00:00 Intro Manager Managed vs Member Managed LLC 00:39 What is a Member Managed LLC? 01:14 What is a Manager Managed LLC? 01:38 When Should You Choose Manager or Member Managed? 03:04 Advantages of Member Managed LLC 04:00 Disadvantages of Member Managed LLC 05:31 Advantages of Manager Managed LLC 08:18 Disadvantage of Manager Managed LLC 08:48 Single Member LLCs - Does it Matter? Thank you! Best regards, Chris Jackson @cjlawvideos //BIO// Hi, I'm Chris Jackson. I have over 25 years of experience as a business attorney. I'm also an entrepreneur who has owned, managed and sold at a significant profit multiple franchise coffee houses. In addition, I have finance and operational experience as a Chief Operating Officer (COO) of a large company. //DISCLAIMER// Disclaimer: Note that nothing in this video is intended to create an attorney-client relationship. This video and my channel are for general information and entertainment purposes only and should not be construed or relied upon as legal or tax advice (generally or specifically). You should not act or rely on any of the information contained herein without seeking professional legal advice. #llc #llc2023 #limitedliabilitycompany