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In this video tutorial, Jim Hart, founding attorney at Hawthorn Law, discusses the importance of an operating agreement for your LLC. He emphasizes that an operating agreement serves as a contract between the business owner and themselves, particularly for single-member LLCs. Hart highlights that many entrepreneurs mistakenly overlook creating an operating agreement, which can lead to issues. He encourages viewers to understand what an operating agreement entails and offers additional resources on common mistakes made during LLC formation. The focus is on legally protecting and growing a business effectively.