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Our company is going non - profit and must amend our organizing document to reflect exempt purpose . the original purpose states " the purpose of the Limited Liability Company is to engage in any lawful act or activity for which a limited liability company may be organized under the Beverly - Killea Limited liability company act " our amended purpose is " This Company is organized exclusively for charitable , religious and educational purposes within the meaning of IRS code 501 ( c ) ( 3 ) and operates under the non profit Public Benefit Corporation Law for charitable purpose . " Does this amended statement reflect what is acceptable for tax exemption ? Or do we need to fuse in the LLC purpose as well ?