LLC Operating Agreement Secrets Explained

Описание: Unlock the secrets of LLC Operating Agreements and learn how to structure your LLC for maximum protection and control. In this video from the LLC Empowerment Series, we dive into member-managed vs. manager-managed LLCs, voting rights, transfer restrictions, and profit distribution rules.

Whether you’re forming a single-member LLC or a multi-member LLC, understanding how to set up your LLC operating agreement is crucial to protect your assets, manage LLC member rights, and avoid costly mistakes.

📌 What You’ll Learn in This Video:

How to choose between member-managed and manager-managed LLCs

Setting up LLC voting rights and member classes

Transfer restrictions and protecting your assets

Profit and loss distribution rules in LLCs

Why a custom LLC operating agreement is better than a template

💡 Pro Tip: A well-drafted operating agreement can protect your LLC from legal risks and IRS scrutiny. Don’t rely on generic templates—customize your agreement for your business needs.

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⏱ Chapters (Timestamps)
0:00 – LLC Operating Agreement Overview
0:38 – Member-Managed vs. Manager-Managed LLC
1:06 – Creating Different Classes of LLC Members
1:32 – LLC Voting Rights and Member Control
1:52 – Transfer Rights in Your LLC
2:26 – Profit & Loss Distribution Explained