An Operating Agreement is an important internal document for every LLC to have. This tells you how your business functions, and is essential if you ever take on additional business partners. Having an operating agreement is also an important step in securing a business bank account. In this video, we will discuss:
0:00 - Introduction
0:10 - Do I need to pay for an Operating Agreement? No.
0:33 - What is an Operating Agreement?
1:01 - What is in Article 1 of my Operating Agreement?
1:27 - What is in Article 2 of my Operating Agreement?
1:38 - How do I fund my LLC?
1:56 - What is in Article 3 of my Operating Agreement?
2:12 - What is in Article 4 of my Operating Agreement?
2:35 - Why is it important to separate yourself from your LLC?
2:43 - What is in Article 5 of my Operating Agreement?
2:57 - What is in Article 6 of my Operating Agreement?
3:09 - What is in Article 7 of my Operating Agreement?
3:33 - What is in Article 8 of my Operating Agreement?
3:59 - Outro
Get the Single-Member LLC Operating Agreement template:
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Have more specific LLC and business formation questions? Well, we have answers! (We may even use it for our next video! )
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LEGAL DISCLAIMER
The information contained in this video is only for entertainment and educational purposes. If you require legal assistance, you should consult an appropriately licensed attorney. Viewing and commenting on this video or its contents does not create or establish an attorney-client relationship.