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“In view of the fact that the manager is primarily in most cases the point of reference for the company in the business streets, he is generally authorized by a power of attorney provided by the shareholders of the company or via the MOA of the company. In certain cases exceeding the powers given to the manager may make the manager, or the LLC itself, liable, depending on the nature of the manager’s actions.”

Henrietta Newton Martin-Legal Advisor & Author
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