Being a member in an LLC is similar to being a shareholder in a corporation, or simply being an owner in a business. The members of an LLC are its owners, and typically if there’s more than one, they will sign an Operating Agreement which is a contract governing their rights and duties with respect to each other and the LLC.
What is an LLC “member”?
About the Author: David Herzog
Since 1993, I have represented hundreds of businesses and individuals in a variety of industries. Small business legal advising . . . that's my thing.