Shareholders Versus Members of a Business

There are members and there are shareholders.  Corporations have shareholders, and limited liability companies have members. The members of the LLC are the owners. Since most states have no restrictions on who can be the owners of an LLC, individuals, corporations, foreign businesses, or even other LLCs could be the owners. There is no maximum number of owners and most states even allow an LLC to have only one owner Shareholders shareholders are the owners of a corporation. Different business entities are appropriate for different businesses. Consult with your business advisor and attorney to determine which will work best for you.

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Freya Allen Shoffner, Esq.
Shoffner & Associates
Counselors to Small Business and Families.

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