Can the members of a member-managed LLC in Texas use titles other than "member"?
What is the name of your state (only U.S. law)? Texas.
In a member-managed LLC, can the members of the LLC use officer titles (such as CEO, CFO, etc.) when conducting business? I assume they must sign as members to bind the LLC to contracts, but if they wish to delineate their roles (on business cards and such) using specialized titles, can they? Must it be specified in the operating agreement or are they free to utilize other titles at their leisure? I'm unable to locate any provisions or regulations on this specific issue.
What is the name of your state (only U.S. law)? Texas.
In a member-managed LLC, can the members of the LLC use officer titles (such as CEO, CFO, etc.) when conducting business? I assume they must sign as members to bind the LLC to contracts, but if they wish to delineate their roles (on business cards and such) using specialized titles, can they? Must it be specified in the operating agreement or are they free to utilize other titles at their leisure? I'm unable to locate any provisions or regulations on this specific issue.