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In this video tutorial by Quran from Life Accounting, viewers are guided through the process of writing an LLC operating agreement step by step. An operating agreement is a legally binding document that details the rights and responsibilities of LLC members and the business's operational procedures. While some states do not require an operating agreement, it is crucial for outlining regulations, preventing disputes, and providing clarity on management. The tutorial emphasizes that this video does not constitute legal advice and recommends consulting an attorney to review the operating agreement. Viewers are encouraged to like, subscribe, and engage with the channel for more financial education resources.