A limited liability corporation is a term often used to describe an LLC under state law. The LLC laws of most states do not require that an LLC have officers.
An officer typically includes a President, Treasurer and Secretary. Each of these officer roles were traditionally defined in the corporation legal structure and each of them has defined roles and authority when operating a business.
While officers are not legally required for a limited liability corporation, it is recommended that one have officers. This is because it is expected that a serious business will have senior officers. As a business, you will need to interact and conduct transactions with other parties such as banks, suppliers, partners, government agencies and landlords.
Each of these parties will want to know who the senior officers are and who has authority to act and make decisions on behalf of the LLC business.
Rather than risk losing the business transaction or losing credibility with your business colleagues, it is the better path to appoint at least these three major officer roles as the inception of an LLC once formed.
You can always provide for specific methods too remove or replace an officer in the LLC operating agreement. One person can hold multiple officer roles- this is typical in a small business or a single owner LLC.
