There are nine such provisions—namely, provisions that:

• 1. Identify the members and managers;
  2. State the members’ duties to make contributions of cash, property or services to the LLC;
  3. State the members’ rights to share in LLC income and losses;
  4. Define the events that will cause the members to cease being members (e.g., death or resignation) and the buy-outs or other consequences of these events;
  5. Define the LLC’s management structure,
  6. Define the members’ voting power;
  7. Require unanimous member votes for admissions of new members;
  8. Impose comprehensive fiduciary duties on the members and managers; and
  9. Provide for dispute resolution by mediation, arbitration or litigation.