A limited liability company is a citizen only of the state in which it was formed.

Name: A limited liability company is a citizen only of the state in which it was formed.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

A limited liability company (LLC) is considered a citizen of every state in which its members are citizens, not just the state where it was formed. This is important for determining federal court jurisdiction, particularly in diversity cases.

A Limited Liability Company Is a Citizen Only of the State