What is a Multi-Member LLC? Benefits, Advantages, and More

A multi-member LLC, also known as a multiple-member limited liability company, is a type of business structure that allows multiple individuals to own and operate a single business entity. In a traditional LLC, there is typically a single owner, known as a member, who has complete control over the company. However, in a multi-member LLC, there are multiple owners, each of whom has a specific percentage of ownership and control over the business.