Member: Glossary Definition

Definition of Member:

A member is an owner of equity interests issued by an LLC.  A member may be an entity or an individual.
Definition of Membership Interest
The equity interests issued by an LLC are called “membership interests.”

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Today’s Question — Saturday, February 4

Must my corporation’s name end in “Inc.”?

No, you can typically choose from “Inc.”, “Incorporated”, “Corp.”, “Corporation”, “Limited” and similar names and abbreviations to indicate to the public that the entity is a corporation. The law varies from state to state and should be considered when forming your corporation. However, corporations do typically need to use one of these words or abbreviations.

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