A member's ownership interest in a limited liability company is called a(n):

Question

Quizplus · Accepted Answer

The correct term for a member's ownership interest in a limited liability company is distributional interest. This refers to the member's right to receive a share of the profits or losses of the company, as well as any distributions of assets upon dissolution. Shareholder interest is a term used for ownership in a corporation, while priority interest and possessory interest are not relevant to LLC ownership. Investor interest may be a more general term, but does not specifically refer to ownership in an LLC.

A Member's Ownership Interest in a Limited Liability Company Is