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UNITED STATES COURT OF APPEALSTENTH CIRCUIT___DAREN LLOYD, PlaintiffAppellant, v. No. 973074(D.C. No. 95CV2549) HORN INC., RIMA, INC. and’D. Kansas) SDI OF FORT SCOTT, L.L.C., DefendantsAppellees.___ORDER
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Who needs designated managing member?

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The designated managing member is needed in situations where a limited liability company (LLC) requires a designated person to manage the day-to-day operations and decision-making process. This individual is responsible for overseeing the company's activities, making important business decisions, and acting as a representative for the LLC.

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A designated managing member is a specific individual within a business entity, often an LLC, who is authorized to represent the entity and has certain responsibilities in managing the business affairs.
Typically, all limited liability companies (LLCs) that have elected to be treated as a partnership for tax purposes are required to file information regarding their designated managing member.
To fill out the designated managing member form, provide the individual's name, address, and taxpayer identification number along with the LLC's information as required by the relevant tax authority.
The purpose of the designated managing member is to identify a specific member responsible for managing the affairs of the LLC and to ensure clear communication with tax authorities.
The information that must be reported includes the designated managing member's name, address, taxpayer identification number, and details about the LLC structure.
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