No, a Limited Liability Company (LLC) does not have stock or shareholders. Instead, an LLC has members. Members are the owners of the LLC, and their ownership interests are typically represented by membership certificates, rather than shares of stock.
LLCs are a flexible form of business organization that combines elements of both partnership and corporation structures. The ownership structure of an LLC is outlined in its operating agreement, which is a legal document that sets forth the rights, responsibilities, and ownership percentages of the members.
In contrast, corporations issue shares of stock to their shareholders as evidence of ownership. Shareholders in a corporation have ownership in the form of equity, and they may have voting rights and receive dividends. The ownership structure and governance of corporations are governed by their bylaws and the issuance of stock.
