How should I choose management for my LLC?
If you do not anticipate having a large number of members in the near future, member management would seem to be more efficient and effective.
There is no tax differences between management by manager or management by members. An LLC is taxed as a partnership. Its owners are called members and receive income from the LLC just as a partner would. There is no tax on the LLC entity itself. The members are not personally liable for the debts and obligations of the entity like partners would be. Basically, an LLC combines the tax advantages of a partnership with the limited liability feature of a corporation.