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| Be Unique: | Use a Legal Designator: | Stay Honest: |
|---|---|---|
Maryland requires the name to be distinguishable from names already on file with the state. | The official Articles of Organization instructions say the name must include an approved ending such as "Limited Liability Company," "L.L.C.," "LLC," "L.C.," or "LC." [3] | Do not use terms that suggest a different business type (like "Corporation" or "Inc.") or regulated industries (like "bank" or "trust") unless you have approval. |

General Business Information | Includes your business name, principal address, purpose, and whether the LLC is perpetual or has a fixed duration. |
Management Structure | Defines whether the LLC is member-managed or manager-managed and outlines roles and voting rights. |
Tax Treatment | Describes the LLC’s intended tax structure (sole proprietorship, partnership, S Corp, or C Corp). Actual tax treatment is determined by IRS rules and elections, not the operating agreement alone. |
Member Information | Lists all members, their ownership percentages, and responsibilities. |
Profit Distribution | Explains how profits and losses will be shared among members. |
Decision Making | Outlines voting rules for key decisions (majority vs. unanimous approval). |
Membership Changes | Covers how ownership is transferred when members join, leave, or pass away. |
LLC Dissolution | Details the process for closing the business and distributing remaining assets. |