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In this video tutorial, the host explains how to write a single-member LLC operating agreement. This document is essential for every LLC, as it identifies the owner and is required in states like California, Delaware, Maine, Missouri, and New York, even for single-member LLCs. The operating agreement serves to distinguish personal assets from business assets, providing protection in the event of scrutiny by authorities like the IRS. Without this agreement, proving the LLC as a separate entity can be challenging. The host notes that the operating agreement is free and easy to complete, with the tutorial aiming to guide viewers through the process in under five minutes.