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member LLC, also known as a MMLLC, is a limited liability company (LLC) with more than one member. Limited liability companies are one of the most popular business structures in the United States.
member LLC with more than one owner or member must have an EIN, regardless of how the LLC is taxed (as a partnership or corporation).
An LLC provides limited liability to its members (owners) and can be formed with one or more members. There is no maximum number of members an LLC can have.
There is no maximum number of members. Most states also permit ?single-member? LLCs, those having only one owner. A few types of businesses generally cannot be LLCs, such as banks and insurance companies. Check your state's requirements and the federal tax regulations for further information.
Most states do not restrict LLC ownership, and there is generally no maximum number of members. An LLC with one owner is known as a single-member LLC, while an LLC with multiple owners is known as a multi-member LLC.