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In this video tutorial, Jim Hart, founding attorney at Hawthorn Law, discusses the importance of having an operating agreement for your LLC. He explains that the operating agreement is essentially a contract between you, the business owner, and yourself, particularly if you are a single-member LLC. Hart emphasizes that many entrepreneurs overlook the necessity of this document, which can lead to legal mistakes. He suggests checking out additional resources if viewers are unsure about what an operating agreement entails or its functions. The video aims to guide online entrepreneurs and creators in legally protecting and effectively growing their business.
