A Member-Managed LLC is when all of the LLC owners (again, called Members) have a right to bind the LLC into agreements and they regularly make business decisions and run the “day to day” activities. Download this Consultant Timesheet Template that’s designed to account for time that a consultant would spend on any project that requires a consultant and/or contractor. This timesheet will account for the hours that are spent with or without the client present. This will also serve as a record for the time served on any consulting project and could be used to provide to the client as an invoice as well. I am a partner and I plan on leaving the company in the next few months. I have signed guarantees on a couple of large loans. Keeping your LLC documentation up to date is a simple task that can take just minutes to complete. It’s easy to overlook these administrative duties in the midst of running a growing business, but they’re important steps to staying compliant with the state, as well as avoiding any conflicts, even lawsuits, from members. If the facts were laid out in writing beforehand, would this be legit? Could I look at your member managed operating template?