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In this video, business attorney Chris Jackson discusses the importance of operating agreements for limited liability companies (LLCs). He explains that an operating agreement is a contract between the LLC members and the company itself. Jackson emphasizes that without an operating agreement, individuals risk "piercing the corporate veil," which can lead to personal liability in lawsuits. He discusses the necessity of having an operating agreement, what it should include, and encourages viewers to like and subscribe to his channel for more content on this topic.
