The Definition of an LLC Managing Member | legalzoom.com
An LLC member is a person who has an ownership interest in the LLC. A member of an LLC is similar to both a shareholder and a director in a corporation. A member, being an owner of the LLC, has the authority to make major business decisions, such as to enter into contracts on behalf of the LLC, and to buy and sell company assets.
DA: 93 PA: 48 MOZ Rank: 75