Legal Question in Business Law in Massachusetts
LLC Management Structure
In June 1999 I co-founded a Limitied Liability Corporation. What are some of the valid titles I may carry on my business card, (i.e. President, Founder, Owner, CEO.) Thanks, -Jon
3 Answers from Attorneys
Re: LLC Management Structure
An LLC has members. As part owner of an LLC this is your title.
An LLC is either member managed or management is designated to a manager.
If you are the manager, then that is what you should call yourself.
If the LLC is member managed then you should call yourself a member.
Re: LLC Management Structure
First, you formed a Limited Liability Company.
There are two types, which are indicated in the organizational documents filed with the Secretary of State's office: your LLC is either managed by the Members, or by one or more Managers.
Functionally, you can call yourself pretty well anything that you want; however, no lawyer on the other side will be interested in anything other than "Member" (if the LLC is Member-managed) or "Manager" (if the LLC has them).
Re: LLC Management Structure
You may call yourself any of those things or "Chief" or "Head Cheese" if you like. You simply may not use that title in a deceptive way or for any deceptive purposes. If you are only a co-founder, calling yourself "Founder" without qualification could be considered a little bit misleading, but perhaps not as important as Owner, used in the singular form, if you imply that there are no other owners when there really are.
But, again, none of that even matters unless someone could say they were fooled into thinking you had legal authority you didn't have and you ripped them off somehow, none of which seems very likely to me. If there's a serious amount of money involved, the lender or creditor or provider of services should ask you for more evidence, i.e., check your legal standing at the State level and/or ask for copies of meeting minutes or a certificate showing authorizing to bind the corporation, and your business card won't matter a hoot.
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