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MShore, Attorney
Category: Legal
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Experience:  Negotiate, Draft, and Review many complex commercial agreements each year.
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Definition of Equity Member , Non-Equity Member , and &quo

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Definition of "Equity Member", "Non-Equity Member", and "Significant Non-Equity Member?"
Submitted: 7 years ago.
Category: Legal
Expert:  MShore replied 7 years ago.
<p>Equity Member: one having voting rights and an en entitlement to a share of the profits</p><p> </p><p>Non-Equity Member: either one whom is a member is name only (no voting rights or equity) but for the sake of marketing and outward appearances is titled a partner. Generally, this designation is given to those whom have no ownership in the company.</p><p> </p><p>Significant Non-Equity Member: really no different than a non-equity member, just a better title. However, depending upon the orgnaziation, this person may have limited voting rights.</p>
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