Mississippi Limited Liability Company Manager

In Mississippi, limited liability companies can be managed by a selected person or people called a Manager(s).  Any person or business entity can be the Manager. The Manager does not need to also be a Member of the company.  Under Mississippi law, the Manager has fairly broad powers to represent the LLC, bind the LLC to contracts, access the LLC's bank accounts, hire and fire employees for the LLC, and generally to run the day-to-day affairs of the company. All of the Manager's general powers over the LLC can be expanded, limited, or customized in the company's Operating Agreement.

More than one person can simultaneously serve as the Manager, but this may complicate operations in the event of a disagreement. Our forms are set up to allow up to four people to become Managers, but you should carefully consider whether this is necessary to operate your Company. Remember, the Manager has broad power over Company assets; consider carefully who you want to have this kind of authority before appointing Manager(s).

Finally, it is also possible to allow the company to be run by all of the Members rather than a Manager(s). This is a cooperative approach to management and is often less efficient than appointing a single Manager and making that Manger accountable to the Members. Furthermore, there is no practical difference between a Member-managed LLC and a Manager-managed LLC; the only real distinction is the use of the word "Manager" to describe the person or people who are in charge of the Company.  If you desire to have all your Members jointly operate the LLC, we suggest naming each Member as a Manager. The use of the word "Manager" also helps third parties identify the person they are dealing with as someone who has authority over the LLC.