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Illinois Corporate Attorneys, Illinois Corporate Lawyers

Fiduciary Duties of LLC Members in Illinois

In this article we explain the fiduciary duties of LLC members in Illinois.  We answer the questions: “what is the difference between a manager-managed LLC and a member-managed LLC?” and “what duties do members of LLCs have to one another?”  We explain the fiduciary duty of loyalty between LLC members and the fiduciary duty of care between LLC members.  

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