LLC Members

LLC members are the individuals or entities that own and control a Limited Liability Company (LLC). They are similar to shareholders in a corporation but more directly involved in managing the business. Members contribute money, property, or skills and share in the profits or losses according to the LLC agreement. Unlike corporations, LLC members typically have flexibility in how they run the business and are protected from personal liability for the company's debts and legal actions. Essentially, members are the owners who govern the LLC, enjoying limited liability and operational flexibility.