The quick answer is that an owner is not always a corporate representative. An agent is a person who is legally able to act on behalf of another entity, like a business. Although an owner may have some influence over corporate decisions, they may not be legally qualified to represent an LLC.
The majority of the time, an LLC will designate one or more people as its agents to act on its behalf. These people could be designated agents who aren’t LLC members, such as managers or officers, or they could be LLC members who serve in these capacities. The operating agreement of the LLC, which should be developed and authorized by all members of the LLC, will specify the precise duties and obligations of the agents.
It is significant to remember that even while an owner may not act as the LLC’s agent, they are nonetheless accountable for adhering to all local, state, and federal rules and regulations that pertain to the management of the LLC. This involves meeting any licensing or permission requirements, paying taxes, and keeping accurate records. The LLC organizer is also responsible for assuring that the LLC complies with all applicable laws, as are any appointed agents.
The creation of a limited liability corporation and ensuring that it conforms with all applicable state and federal rules and regulations depend heavily on the work of an LLC organizer. While an LLC owner may have the ability to make decisions within the firm, unless expressly stated otherwise, they are not necessarily an agent of the company. To maintain the success and compliance of the firm, it is crucial that every member of an LLC is completely aware of their duties.