Florida division of corporations has a series of acronyms to identify the role in the entity of the persons listed in its website. When it comes to Limited Liability Companies (LLC), two of the more common acronyms are MGR and MGRM. MGR stands for Manager and MGRM stands for Manager-Member. The distinction is very important. An LLC can be member-managed or manager-managed. A member-managed LLC…
Ayala Law P.A.March 16, 2023