Decoding LLC: Do I Need an Operating Agreement for Single/Multi/ Member, Holding & Real Estate LLC

In this video, we discuss the basics of why you need an LLC operating agreement 2024 and what the document entails.

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A limited liability company (LLC) is a popular business entity choice for business owners. (A business entity is also known as a business structure.) While an LLC is low on state-required recordkeeping formalities, when forming an LLC, business owners should take time to make sure they have a good LLC operating agreement— as this is the key LLC document that controls how the entity is structured and operates. It also controls the relationship among the members in multi-member LLCs.

OUTLINE:
00:00:00
Introduction to Operating Agreements
00:00:56
The Basics of Operating Agreements
00:02:56
Why Do You Need an Operating Agreement?
00:04:59
What's Included in an Operating Agreement?
00:07:09
What Happens Without an Operating Agreement?
00:08:05
Conclusion and Final Thoughts

#llc2024 #operatingagreement #llcformation #limitedliabilitycompany #assetprotection #llc

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