Choose Your LLC Operating Agreement Type

Select the right management structure for your LLC.

Attorney-reviewed, state-specific forms ready for instant download.

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Manager-Managed

Best for complex businesses

Appointed managers run daily operations while members are passive investors

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Best for small partnerships

All members participate in business decisions and management

Every owner will help run the business? → Member-Managed

Some members will be passive investors? → Manager-Managed

Appointing an outside professional manager? → Manager-Managed

Family business or co-founder team? → Member-Managed

Real-estate or investment LLC? → Manager-Managed

One owner who runs everything? → Member-Managed

Feature	Manager-Managed	Member-Managed
Daily operations	Run by appointed manager(s) — a member or an outsider	Run directly by all members
Member role	Passive investors who vote on major decisions	Active in management and decisions
Decision making	Managers decide day-to-day; members keep major votes	Members vote as the agreement provides
Typical uses	Real-estate investment LLCs Passive investors Outside managers	Co-founder startups Family businesses Small teams
Formation filing	Elect manager-managed when the state form asks	Default structure in most states
Flexibility	Scales to complex, multi-investor structures	Works for single-member and multi-member LLCs