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What is a Member of a Limited Liability Company?

The "members" of a limited liability company (LLC) are the individual owners of the LLC. "Members" of an LLC are similar to the "shareholders" of a corporation. That is on, LLC's and members are the equity owners and holders. Members of an LLC are issued "membership" units/certificates" representing each members percentage equity interest in the LLC. Members of a LLC are also typically the managers of the LLC and the rights between LLC members are governed by an operating agreement.

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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