What is the role of members in an LLC?

In a Limited Liability Company (LLC), the members play a crucial role in providing limited liability protection, similar to what shareholders receive in a corporation. This means that the personal assets of the members are generally protected from the debts and liabilities of the LLC. If the company incurs debts or is sued, the members are not personally responsible for those obligations beyond their investment in the company. This limited liability is one of the key benefits of operating as an LLC, making it an attractive choice for many business owners.

The other roles mentioned, such as serving as directors, managing corporation voting, or enforcing corporate bylaws, are not applicable to LLCs in the same manner as they are in corporations. LLCs can have different management structures and do not operate under the strict corporate governance requirements that necessitate a formal board of directors or corporate bylaws. Instead, the members manage the LLC unless they choose to appoint managers to handle operations. Thus, the correct answer highlights the primary function of members in the context of an LLC's structure and liabilities.