Manager-Managed vs. Member-Managed LLCs

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Under the Illinois Limited Liability Company Act, Illinois limited liability companies (LLCs) may be member-managed or manager-managed.  This podcast will explain the differing roles of manager and member in an LLC, explain how the management election is made, and the consequences attendant in each choice.  The podcast will conclude with a preferred choice of management structure.

Tags:
Illinois Limited Liability Comapany Act
Illinois LLCs
manager-managed LLC
LLC management structure
member-managed LLC
Broadcast in Legal
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