This portion of the site is for informational purposes only. If the LLC you're dealing with belongs to an industry trade association, the organization may have an online directory that provides information about its member companies.Įven if an LLC's ownership isn't legally required to be public information, some persistence and ingenuity can get you the answers you need. A website such as LinkedIn can also be a method for finding out who an LLC's members are, but keep in mind that LinkedIn profiles can be configured to keep certain information private. Private companies such as Dun & Bradstreet that sell credit data about businesses can sometimes find out who owns a business if you pay a fee. Check with your state's online entity database to confirm whether that information is available. Because PLLCs have members providing important services to the public, some states do require disclosure of the members in the initial formation documents or annual reports.
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Most states permit certain professionals-such as doctors, lawyers, and architects-to form LLCs known as professional limited liability companies (PLLCs). Even if an LLC's annual report contains information about one or more members, most states charge a fee to obtain a copy. Many states require LLCs to file annual reports, but these documents usually don't include a list of the current members or require a member's signature. Some states require the initial managers of an LLC to be identified in the formation documents, if the LLC will be manager-managed, but state law does not require a manager to also be a member. The documents might be signed by a member, but they don't need to be-a third-party organizer such as a law firm can form an LLC on behalf of its client. Most states require only basic information-such as the LLC's name, purpose, and registered agent-be included in the LLC's formation documents. State Entity DatabasesĪlthough it's not guaranteed that you'll find the business owner's name in the state entity database, it's still a good place to look. If the website has a phone number or contact form, you can also ask for the information by calling or sending an email. There may be an About Us page or a personnel directory that identifies the LLC's owners. The first and easiest place to look is the business's website. However, there are some places where you can begin your search.
Conversely, if you're a tenant signing a lease with an LLC landlord, you should find out who owns the company to assure yourself that the landlord's obligations will be fulfilled. If you're a landlord signing an office or store lease with an LLC tenant, you'll want to know who owns the LLC to confirm that you're dealing with a reputable company that will pay the rent.If you are hiring an LLC to provide a crucial service to your home or business, you may want to know who owns it so that you can research how reputable the company is.Here are a few examples of such situations: There may be times when you are dealing with an LLC or considering a transaction with one when it would it helpful to know exactly who owns it. When would you need to find an LLC member? LLCs are a popular form of business entity because they are usually easier to form and maintain than corporations (less paperwork, fewer filings) and have more flexibility in the way they are structured.
An LLC typically does not pay income tax as a separate entity but instead passes its profits and losses through to its owners, known as members, who then report them on their individual tax returns. A limited liability company (LLC) is a type of business entity that can be formed in any of the 50 states.
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