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In this video, Clint Coons discusses how to document contributions to a limited liability company (LLC). He notes that an operating agreement usually includes a section known as Schedule A or Exhibit A, located after the signature page, which lists the LLC members and their contributions. It's essential to include ownership percentages based on the LLC's structure. Different operating agreements may vary; some might detail member contributions and ownership percentages within the agreement, such as in Article Two. Coons emphasizes that understanding how these contributions are documented is crucial for LLC members.
