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In today's episode, Jim Hart, founding attorney at Hawthorn Law, discusses the importance of having an operating agreement for your LLC. He explains that this agreement serves as a contract between the business owner and themselves, especially for single-member LLCs. Hart emphasizes that many entrepreneurs overlook the need for an operating agreement, which can lead to mistakes when forming an LLC. He encourages viewers to check out additional resources to avoid common pitfalls related to operating agreements. The operating agreement is crucial for legally protecting and guiding the business as it grows.
