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| Be Unique: | Use a Legal Designator: | Stay Honest: |
|---|---|---|
Your name must be distinguishable from businesses on file with the New York Department of State. | You must include "Limited Liability Company," "L.L.C.," or "LLC" at the end. | Avoid misleading words like "Trust," "Inc," or "Corporation". |

General Business Information | It states your LLC name, principal business address, business purpose, effective date of the agreement, 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 | Formally states if you will file as a sole proprietorship, partnership, S Corp, or C Corp. It also includes procedures for changing your tax status later. |
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 | Explains what requires a simple majority vote and what requires unanimous approval. |
Membership Changes | Sets rules for transfers, buyouts, and new members. |
LLC Dissolution | Describe how debts will be paid and how remaining assets will be distributed. |