QUESTION

Single-Member LLC "owner" or "member"

Asked on Mar 11th, 2017 on Business Law - Tennessee
More details to this question:
I recently completed a business application and identified myself as the "individual owner" of an LLC (my business is a Single Member-Managed LLC). Should I have identified myself as a "member" instead? If so, is it important for me to change this on my business license in order to keep myself and my business legally separate? Going forward, how should I sign important documents (e.g. my title) pertaining to my LLC business in order to increase my personal protection?
Report Abuse

1 ANSWER

If you do not have a title yet, I would suggest that you assign yourself a title like "President" and sign it "(Your Name), President." Always sign business related documents in this capacity. 
Answered on Mar 11th, 2017 at 12:10 PM

Report Abuse

Ask a Lawyer

Consumers can use this platform to pose legal questions to real lawyers and receive free insights.

Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.

0 out of 150 characters