Limited Liability Company Question?
What to pick for this request for information contained by form 5.5 IL LLC
The Limited Liability Company: (Check any a or b below.)
a. is manage by the manager(s) (List name and business address.)
b. have organization vested surrounded by the member(s) (List name and address.)
Answers:
It depends on what your operating agreement say (or will say). By failure to pay, it's usually the member who run the LLC. If the agreement provides for manager or officer, afterwards they survive the day-to-day affairs.
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The Limited Liability Company: (Check any a or b below.)
a. is manage by the manager(s) (List name and business address.)
b. have organization vested surrounded by the member(s) (List name and address.)
Answers:
It depends on what your operating agreement say (or will say). By failure to pay, it's usually the member who run the LLC. If the agreement provides for manager or officer, afterwards they survive the day-to-day affairs.