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An LLC Member is just another way to say “owner” of an LLC.
If you own all or part of a Limited Liability Company (LLC), you are a Member.
Who can be an LLC Member?
- A person (like you or me)
- Another company (like an LLC or Corporation)
- A non-US citizen or non-US resident (there are no citizenship or residency requirements to owning a U.S. LLC)
- A Trust (like a Revocable Trust or Irrevocable Trust)
How many Members can an LLC have?
An LLC can have 1 Member or an unlimited number of Members.
- If your LLC has 1 Member, it’s called a Single-Member LLC.
- If your LLC has 2 (or more) Members, it’s called a Multi-Member LLC.
What do LLC Members do?
LLC Members are the owners.
They can:
- Run the business themselves (this is called a Member-managed LLC)
- Hire someone else to run the business (this is called a Manager-managed LLC)
You can read more about the differences here: Member-managed vs Manager-managed LLC.
What title should an LLC Member use?
- If you own and run the LLC, you can use “Member” or “Managing Member.”
- If you own the LLC but don’t run it (and instead it’s run by an LLC Manager), just use “Member“.
- If you are hired to run the LLC, but don’t own it, you are called a “Manager“.
Can a company or another LLC be a Member?
Yes, an LLC can be owned by another company (ex: an LLC owned by another LLC).
Do LLC Members have liability protection?
Yes, LLC Members have liability protection. And this is often the main reason people form LLCs.
For example:
- LLC Members aren’t responsible for the company’s debts or lawsuits.
- Their personal assets (like their house, car, and bank accounts) are protected in the event the LLC is sued.
In summary
- An LLC Member is an owner of an LLC.
- There can be 1 or multiple Members.
- Members can be people or companies, and can live anywhere in the world.
For more details, please see: Who can be LLC Members.
Matt Horwitz is the leading expert on LLC education, and has been teaching for 15 years. He founded LLC University in 2010 after realizing people needed simple and actionable instructions to start an LLC. He's cited by Entrepreneur Magazine, Yahoo Finance, and the US Chamber of Commerce, and was featured by CNBC and InventRight.
Matt holds a Bachelor's Degree in business from Drexel University with a concentration in business law. He performs extensive research and analysis to convert state laws into simple instructions anyone can follow to form their LLC - all for free! Read more about Matt Horwitz and LLC University.
Matt holds a Bachelor's Degree in business from Drexel University with a concentration in business law. He performs extensive research and analysis to convert state laws into simple instructions anyone can follow to form their LLC - all for free! Read more about Matt Horwitz and LLC University.
