In a limited liability company, members cannot participate in its management.

Name: In a limited liability company, members cannot participate in its management.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

Members of a limited liability company can participate in its management, either directly or through appointed managers. This flexibility is one of the benefits of forming an LLC. However, the extent of management participation can be specified in the LLC's operating agreement.

In a Limited Liability Company, Members Cannot Participate in Its