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In this video tutorial, the speaker walks through the process of writing an LLC operating agreement step by step. They explain that the operating agreement is a legally binding document that outlines the rights and responsibilities of LLC members and how the business will operate. While some states may not require an operating agreement, it is recommended to have one. The speaker also provides a quick disclaimer that this is not legal advice and advises viewers to get their operating agreement checked by an attorney. The tutorial emphasizes the importance of the operating agreement for the smooth functioning of the LLC.