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In this video, Clint Coons from Anderson Business Advisors discusses common mistakes made when creating LLC operating agreements. He highlights issues arising from using inexperienced attorneys or online templates that may not suit real estate investors. Many individuals are unaware of the contents of their operating agreements or crucial elements that are often omitted. This lack of knowledge can lead to significant risks and problems when managing real estate and operating businesses. Coons emphasizes the importance of having a well-structured operating agreement to ensure proper protection and compliance.