Term
Member: definition
An owner of the LLC. One owner is a single-member LLC; two or more, multi-member.
Summary
- Alias
- LLC owner
- Related
- Operating agreement side by side with Organizer side by side with EIN
Takeaways
Put members and ownership shares in the operating agreement.
Used in
Applies in these answers: What does each state want to form an LLC?, Registered agent rules by state, Out-of-state registration by state.