When forming an LLC in Louisiana, one of the things to consider is whether your entity will be member-managed or manager-managed.
In a member-managed LLC, the owners of the business are called the members. They double as the managers of the company, and have broad discretion regarding operation of the LLC. The only way to restrict the rights of members is through an operating agreement. If you form an LLC with more than one member, it is important that you consider developing an operating agreement.
In a manager-managed LLC, ownership of the LLC is separated from management of the LLC. Equity and decision making are separated. This situation may arise when a person is providing financing in exchange for a portion of ownership, but will not have much to do with the day-to-day operation of the business. In that case, you may wish to give the financier membership rights, but restrict their management of the LLC. This can give the decision makers of the LLC more flexibility. In addition, a manager can be added to the LLC without receiving an ownership interest in the LLC.