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In this video tutorial, Jim Hart discusses how business partners in a multi-member LLC should determine their compensation. He outlines five essential steps for ensuring both partners are fairly compensated for their contributions, promoting peace of mind regarding the LLC's management. Hart, the founding attorney at Hawthorn Law, emphasizes providing legal guidance and practical business tips without the high costs typically associated with lawyers, allowing small business owners to focus on growth and development. He encourages viewers interested in legally protecting their businesses to subscribe for more insights.