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In this video, Clint Coons from Anderson Business Advisors discusses common mistakes people make when creating LLC operating agreements, particularly with inexperienced attorneys or by using online templates. He highlights that many individuals have operating agreements for their real estate businesses without fully understanding the content or identifying crucial omissions. This lack of knowledge can lead to significant issues when managing real estate or business operations. Coons emphasizes the importance of having a well-crafted operating agreement tailored to the specific needs of real estate investors to avoid potential pitfalls.