CCA 200909049
Tax Matters Partner
ID:
Office:
UILC:
CCA_2008120912220341
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6223.05-00
Number: 200909049
Release Date: 2/27/2009
From: ---
Sent: Tuesday, December 09, 2008 12:22:07 PM
To: ---
Cc:
Subject: RE: IRM 8.19.1
Hi ---
I had to meet with my reviewer to discuss your first question. It is true that only a member-manager can be a TMP, but a member-manager does not have the authority to execute a contract on behalf of the LLC unless he/she is a "manager" under state law. Being a member-manager is irrelevant unless that person is a manager under state law. For this reason, "manager" should be used instead of "member-manager."
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Thank you,
Source: view the official PDF
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