Limited Liability Company With Shares
Description
How to fill out Indiana Limited Liability Company LLC Operating Agreement?
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FAQ
A limited liability company (LLC) cannot issue shares of stock. An LLC is a business entity structured to have either a single or multiple owners, who are referred to as the LLC's members.
Understanding Company Limited by Shares The ownership of a company limited by shares includes the members of the general public. Any person from the public can own a share in the company by buying through the stock exchange. The liability of the shareholders of the company is limited to the nominal value of the shares.
The LLC does not have stock or stockholders. Instead, the Operating Agreement has membership interests. The Operating Agreement lists the membership interests of each member rather than in separate member certificates.
The IRS rules restrict S corporation ownership, but not that of limited liability companies. IRS restrictions include the following: LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners).
How is LLC ownership divided? Usually, ownership percentage is directly correlated to how much each owner initially contributes to the LLC?so if one member contributes $2,000 while another contributes $8,000, the first member would own 20% of the LLC while the other would own 80%.