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What is the ownership structure of an LLC?

April 26, 2017LLC ownership structure

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What is the ownership structure of an LLC?

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An LLC’s owners are called “members.” A member’s interest in an LLC is represented by interest certificates. An LLC is managed by its members, with each having control commensurate to their percentage of ownership, unless the members hire managers to operate the business. If the members hire managers to operate the business, the members can dictate the amount of control the managers will have.