Single-Member x Multi-Member LLC

LLC owners are called members. Each member owns a percentage, or “membership interest” in the business.

Single-Member LLC

It is an LLC with just one owner LLC referred to as a Member. A Single-Member LLC can be owned by an individual person, or it can be owned by an existing company, such as another LLC, a Corporation, or any other legal entity.

Multi-Member LLC

It is the term used for an LLC that has 2 or more Members (owners). An LLC is allowed to have an unlimited number of members who may be U.S. citizens, non-U.S. citizens, and non-U.S. residents.

If for any reason the members of the LLC change in the future, do not worry! This is all handled internally with the Operating Agreement.