Structure questions about an LLC used for investing

[Scott Jordan]

I'm in the process of setting up an LLC for investment purposes and I wanted to know if there are any standards for prioritizing the distribution of profits? Is it usually set up so that the more you invest then that member would get priority in the profit distribution? Is there a standard structure for the managing member and other investors in the group? I would be the managing member but would not be the main investor in terms of financial contribution to the investment. Any insight would be so helpful. Thanks!