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| Be Unique: | Use a Legal Designator: | Follow State Naming Rules: |
|---|---|---|
Your name must be "distinguishable" from other business names already on file with the State of Tennessee. | Your name must include "Limited Liability Company," "L.L.C.," or "LLC" at the end. | Must comply with Tennessee statutes (T.C.A. § 48-207-101 or § 48-249-106), which outline official naming requirements. |

General Business Information | Includes your principal address, business purpose, and LLC duration (perpetual or fixed term). |
Management Structure | Defines whether the LLC is 'member-managed' or 'manager-managed' and outlines specific voting rights. |
Tax Designation | States how the LLC intends to be taxed (disregarded entity, partnership, S Corp, or C Corp) and how changes can be made. |
Member Information | Lists the names of all members, their ownership percentages, capital contributions, and roles within the LLC. |
Decision Making | Establishes voting rules, including whether decisions require a majority or unanimous approval. |
Membership Changes | Outlines how ownership interests can be transferred, including buy-sell provisions for adding or removing members. |
Profit and Loss Distribution | Explains how profits and losses are allocated among members. |
LLC Dissolution | Provides guidelines for dissolving the LLC, including how assets are distributed. |