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In this episode, Jim Hart, founding attorney at Hawthorn Law, discusses the importance of an operating agreement for your LLC. He helps online entrepreneurs understand how to legally protect and grow their businesses. An operating agreement serves as a contract between the business owner and the business itself, especially relevant for single-member LLCs. Hart emphasizes its significance, referencing a previous video addressing common mistakes made when forming an LLC, including the omission of an operating agreement. For those unsure about what an operating agreement entails, he encourages watching the linked video for further clarification.