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In this video tutorial, Jim Hart from Hawthorn Law discusses the importance of an operating agreement for your LLC. An operating agreement is a contract that outlines the roles and responsibilities of the business owner(s). It helps to protect your business legally and ensures smooth operations. If you're not sure what an operating agreement is, check out their other video on common mistakes entrepreneurs make when forming an LLC. Operating agreements are essential for single-member LLCs and provide clarity for all parties involved.
