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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.

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