A limited liability company cannot own itself. If a membership interest is transferred to the company itself, for example, in a redemption transaction, that interest simply ceases to exist.
In a ...
An LLC can be filed with the owners as employees, but what about
after? Every time you add a new employee who is to be part owner of the
company, you'd have to re-file. Is there a way to avoid this?
To quote the IRS page at:
Owners of an LLC are called members. Most states do not restrict
ownership, so members may include individuals, corporations, other
LLCs and foreign entities. There ...