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

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Cazes Roberts, PLLC in Oklahoma City. I live in Edmond with wife Amy and my two children, Sam (17) and David (9). We live precisely in the path of where the "wind comes sweeping down the plains."