LLC Terminology

What are officers called in an LLC? Officers include president, vice president, treasurer, controller, secretary, chief operating officer and chief administrative officer. Review the officers’ described duties and ask about day-to-day responsibilities to confirm that they are actively involved and not just named for appearances. Read more on smallbusiness.chron.com Who will be in charge of … Read more

What are partners in LLC called? LLC partners are called “”members.”” A member is someone who owns all or part of an LLC. An LLC can have one or many members. Members of some LLCs operate and manage the business. Other LLCs have at least some members who are not actively involved in the company’s … Read more