Now, again, when you're filling out paper,

we're going to ask you some questions about some members.

And you'll be like, what?

Number who?

Well, here we go.

In a member-managed LLC so that you know the difference,

the owners have collective control over the company's decision.

A manager-managed LLC places management authority

in the hands of a professional manager

or one or more of the elected members.

So this choice goes to the heart of the company

and it goes into the day-to-day operations of it.

So it's a good idea to consult an attorney, right?

If you're not sure, always go back and consult an attorney.

Just so that you put yourself in a place where you could win.

You don't want to start out and then put some stuff on there

and then you got to go back and correct some mistakes.

And you're like, I got to find papers with this state

and do this with that.

So another key feature of a manager-managed company

is that you can appoint either the owner or a member

or an outside professional manager or management company

...