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| Be Unique: | Use a Legal Designator: | Stay Honest: |
|---|---|---|
Your name must be "distinguishable" from any other business already on file with the Michigan Department of Licensing and Regulatory Affairs (LARA). [3] | You must include "Limited Liability Company," "L.L.C.," "LLC," "LC," or "L.C." at the end. | Avoid misleading words like "Corporation," "Inc.," "Bank," "Trust," or restricted terms requiring approval. |

General Business Information | It states your principal address, business description, 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 | Outlines how the LLC plans to be taxed and includes procedures for making tax elections if needed. |
Member Information | It lists the names and addresses of all initial members, their ownership percentages, and their specific roles within the Business LLC. |
Decision Making | Establishes the "ground rules" for voting. Will you require a simple majority or a unanimous vote for major changes to the LLC structure? |
Membership Changes | Lists a "buy-sell" roadmap for the future. This outlines how ownership is transferred when a member joins or when an LLC is dissolved. |
LLC Dissolution | Provides clear guidelines for Michigan LLC dissolution, including how assets are distributed and how to prepare and file the appropriate dissolution paperwork with LARA if you ever choose to close the business. |