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- Hi guys, Clint Coons here with Anderson Business Advisors, and in this video, we are gonna talk about some of the stupid mistakes (graphics whooshing) people make when it comes to creating their LLC operating agreements. (graphics whooshing) All right. Let's get started. (upbeat music) Okay, so I'm gonna talk about some mistakes that I see, oftentimes, when I review existing operating agreements that people have set up with either inexperienced attorneys that are not familiar with creating operating agreements for real estate investors. Or worse yet, you went on the internet, right? You went to Legal, I mean Zoom.com and said, "Give me an operating agreement." And you think you're protected. This happens all the time. People have these operating agreements that they're owning real estate under. They're operating their business under, and they don't know what's in there, or more importantly, they don't know what's missing. And as a result of it, this will come up when you're involved...
