Legal Question in Business Law in Washington

Do the terms of your "LIMITED LIABILITY COMPANY AGREEMENT" address this issue? Usually, an LLC will call its CEO its "Managing Member" but that can be changed by amending the Agreement and filing it as the original was.

As a Franchise Attorney I can add the following, which may prove useful. A business can create any officer titles and define the rights and responsibilities of these.

It is always a good idea for an LLC to have at least the officer titles of President and Chief Financial Officer. This is because many third parties are going to look for these traditional officer roles when determining who has the authority to enter into business contracts and transactions. Banks, for example, look for Presidents and CFOs to be noted on documents. Just appoint these officers in your LLC Operating Agreement, if not there already and move on with your business. Appointing officers is easy and will result in avoiding delays later on.

Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation