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In this video, Clint Coons discusses how to document contributions made to a limited liability company (LLC). He mentions that most LLCs have an operating agreement that includes a schedule (often called Exhibit A) listing the members, their contributions, and ownership percentages. This information is essential for clarity regarding each member's investment and stake in the LLC. Coons notes that the structure of operating agreements can vary, with some integrating these details directly within the agreement itself, such as in Article Two. He emphasizes the importance of ensuring proper documentation, as many people often feel confused about this aspect.
