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In this video, Clint Coons discusses documenting contributions to a limited liability company (LLC). He highlights the importance of the operating agreement, which often includes a Schedule A or Exhibit A at the back, detailing the members of the LLC, their contributions, and ownership percentages. Coons notes that not all operating agreements are identical; some may incorporate member information directly into the document, specifically in an article listing contributions and ownership percentages. He emphasizes common misunderstandings that arise when members review this information.
