Basically LVM looks like this:
You have one or more physical volumes (
/dev/sdb1 -
/dev/sde1 in our example), and on these physical volumes you create one or more volume groups (e.g.
fileserver),
and in each volume group you can create one or more logical volumes. If
you use multiple physical volumes, each logical volume can be bigger
than one of the underlying physical volumes (but of course the sum of
the logical volumes cannot exceed the total space offered by the
physical volumes).
It is a good practice to not allocate the full space to logical
volumes, but leave some space unused. That way you can enlarge one or
more logical volumes later on if you feel the need for it.
In this example we will create a volume group called
fileserver, and we will also create the logical volumes
/dev/fileserver/share,
/dev/fileserver/backup, and
/dev/fileserver/media
(which will use only half of the space offered by our physical volumes
for now - that way we can switch to RAID1 later on (also described in
this tutorial)).