As in a partnership, the limited liability company (LLC) property is not specific to any member, but each has a personal property interest in general.

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In an LLC, the property is owned by the company and not by any specific member. Each member has a personal property interest in the company as a whole, but not in any specific property. This limited liability is one of the benefits of forming an LLC.

As in a Partnership, the Limited Liability Company (LLC) Property