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Roger
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Category: Business Law
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does an LLC which is taxed as an S Corporation have stock

Resolved Question:

does an LLC which is taxed as an S Corporation have stocks
Submitted: 6 years ago.
Category: Business Law
Expert:  Roger replied 6 years ago.

An LLC doesn't have "stock" in the general sense. Even if it is taxed as an S-Corp, there is no stock.

 

The owners of an LLC are called members - not shareholders. And they own membership interests - not shares of stock.

A membership interest in usually stated as a percentage. So in an LLC with five owners who have invested equally in the business, each would normally have a 20% membership interest.

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