Surrounded by plasma membrane, which in eukaryotic cells extend into the interior of the cell to divide the protoplasm into a number of compartments to form cell organelles
Main component is the phospholipid bilayer with hydrophilic polar heads oriented outwards and hydrophobic tails towards inside, proteins are arranged as extrinsic/peripheral or intrinsic/integral
Lipid molecules can move laterally within the bilayer keeping the orientation intact, depends on degree of saturation of fatty acids, chain length and temperature