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In this video, Clint Coons from Anderson Business Advisors discusses common mistakes individuals make when creating LLC operating agreements. He highlights issues arising from using inexperienced attorneys or generic online resources that fail to address the specific needs of real estate investors. Many individuals use these inadequate agreements without understanding their content or identifying critical omissions, which can lead to significant problems later on. Coons emphasizes the importance of having a well-drafted operating agreement tailored to one’s business, especially for effective real estate management.