Does your LLC need an operating agreement? In this video, I will discuss why your LLC needs an operating agreement.

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An operating agreement is a crucial legal document that outlines the specific details of how your LLC operates. It serves as a blueprint for the internal workings of your business, covering aspects such as ownership, management, decision-making processes, and profit distribution. A well-crafted operating agreement establishes clarity and structure within your LLC and protects your personal interests.

"They leave the door open." 5:48

Having an operating agreement is essential not only for your LLC but for your safety as well. Knowing the details of your LLC's operations allows you to avoid potential conflicts and protect your assets.

I'll cover the basics of an operating agreement and why you might need one and provide a few examples of how an operating agreement can be used.

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Establish clarity and structure within your LLC with the help or absence of an operating agreement.

If you have any questions or concerns, please feel free to contact us with your questions and subscribe to the channel.

Show Notes:
0:00 Intro
0:15 Misconception
0:55 Why You Want An Operating Agreement
2:25 Officer Provisions
4:32 Charging Order Protections
5:55 When You Sell Assets
6:49 WY LLC Member
8:53 Tax Status
10:28 Death
12:19 Outro
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545

ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#llc #operatingagreement #clintcoons

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