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Manager: An LLC manager is an individual, group, or entity chosen by LLC members to manage the day to day operation of the company. Managers may be one or more current members or a third party. Third party managers can be people or other business entities such as corporations or other LLCs.
Managers Statement Member-Managed L.L.C.s have an active involvement in the day-to-day operations of the business. Manager-Managed L.L.C.s are hired by the LLC members to run the L.L.C., similar to a C.E.O. of a corporation.
This is one of the benefits of having an LLC because it allows a Manager to run the business without fear of personal liability. But, a Manager may be held personally liable for criminal action and intentional actions that are outside the scope of its authority.
In short, the member has the option to choose which management structure works better for their particular situation. He or she can be the manager or elect a manager, which includes themselves, to act as manager for the LLC. There is an advantage to electing yourself as the manager of the LLC.
Most states do not require you to be specific about the purpose of your LLC. Instead, a statement such as "The purpose of the Limited Liability Company is to engage in any lawful activity for which a Limited Liability Company may be organized in this state" is usually sufficient.
The purpose of Business Name, LLC, is to operate and conduct all business activities legally permitted in the state of A. The purpose for which XYZ, LLC, is formed is for the transaction of any and all lawful purposes for which a limited liability company may be organized under the laws of the state of A.
A manager may be removed at any time by the consent of a majority of the members without cause, subject to the rights, if any, of the manager under any service contract with the limited liability company.