The company may be managed by all or just some of its members. If it is managed by less than all of its members it is considered to have centralized management. There may be just one manager. The manager need not be a member. We speak about either member managed companies or manager managed companies.
Managers are similar to officers and directors.
A manger may have a title such as president. Delaware's Act is considered to be the most modern and most flexible in the nation. Delaware places almost no limitation on the ingenuity of attorneys and business persons in drafting operating agreements. Delaware requires that corporations report the names and addresses of its officers and directors on an annual basis. Membership or management of a Delaware is truly anonymous.