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Hi. Lee Phillips. I want to talk to you about the operating agreement or the bylaws that you have operating agreements for the LLCs thats your handbook, how youre going to operate your company bylaws are basically the exact same thing except for the corporation thats the handbook for your corporation and by the way you need a good set of bylaws or a good operating agreement because like I say thats your handbook. When you get sued Im going to get a copy of your operating agreement, your bylaws, and Im going to go through them and Im going to read them and its going to tell me how you were supposed to operate your company if you havent operated your company the way your handbook says then I go to the court and I say hey judge judge look this is a scam its not a real deal they didnt operate the company properly they didnt even follow their rule book so you need to have the rule book. One thing that you need in the operating agreement is a bunch of provisions a bunch of inst
