What is a membership interest in an Oklahoma limited liability company?

 

It almost sounds like the type of thing you would get when you join a health club, right?  Not so fast.

There are three components to consider to understand the Oklahoma limited liability company.

Members vs. Stockholders

An Oklahoma corporation’s owners are known as “stockholders” or “shareholders”.  A membership interest is the rough equivalent to stock in a corporation.  The owners of an Oklahoma limited liability company are known as “members.”

Membership Units

Technically, the measure of membership interest in a limited liability company is the “unit.”  A member for example might purchase 10 units in the company while an Oklahoma stockholder might purchase 10 shares of stock in a corporation.

What you get when you purchase a membership interest

 

 

Posted by Shawn Roberts

I write about and try to answer practical Oklahoma legal questions. I tend to focus on estate planning and business issues. I make a living as an attorney working for Resolution Legal Group in Oklahoma City. I am husband to Amy and the father of Sam and David. We live exactly in the path where the "wind comes sweeping down the plains."