A total of 48 contracted players will participate across 12 "established team franchises" starting from next year.
The news comes on the eve of the third LIV Golf Invitational Series event of the season, which will be held at Trump National Golf Club in Bedminster, New Jersey.
LIV Golf CEO Greg Norman had said in May that 10 events would be held in 2023 before expanding to 14 in 2024.
"LIV Golf's expanding global platform will add a new dimension to the golf ecosystem as we know it, one that provides an opportunity for players and fans around the world to help maximise our beloved sport's true potential," Norman said in a statement released on Wednesday.
"Our franchise model will bring new energy and excitement to fans from all corners of the world, establishing a league of teams to connect and grow with."
Players under contract with LIV Golf will also take part in International Series events on the Asian Tour, as a way of gaining vital world ranking points.
Speaking during the Open Championship at St Andrews, new recruit Paul Casey said: "There's a lot of discussion, a lot of WhatsApp chat group feeds going around. I'm not part of most of them.
"I think the discussion was if guys turn up en masse, then it lifts the world ranking points. So if they're going to go play an Asian Tour event, they all go together."
The full list of events will be announced at a later date and, according to a press release, "will not compete with the Majors, international team events or heritage events".
The creation of "established team franchises" will be in stark contrast to this season, which has featured a rotating cast of players as new arrivals - including former Ryder Cup captain Henrik Stenson - have required other recruits to be dropped.