An LLC doesn't have to hold meetings of members unless the operating agreement or state law requires them. Braster says she recommends regular meetings in some instances but not others. For example, if you have a two-member LLC where both of you work in the business and talk to each other every day, you may not need to hold formal meetings. But, Braster says, if you have a two-member LLC and one of you runs the business while the other is behind the scenes, “I would recommend meetings. Then you don't have those allegations of ‘I didn't know what was going on.’”