What to Include in Your Operating Agreement

Video Description

As business attorney with over 25 years of experience, I wanted to make a video explaining what is an Operating Agreement and what to include in an Operating Agreement for an LLC. This video covers: First, what is an Operating Agreement for LLC? Second, why you need an Operating Agreement. Third, what to include in Operating Agreement for LLC. The Operating Agreement for an LLC is the single most important document for your Limited Liability Company (LLC), and I tell you exactly what to include in the LLC Operating Agreement. The Operating Agreement for an LLC is essential for both proper LLC governance and for protecting your personal assets from liability related to the LLC. It also protects your LLC from the liability of its members. It is required if you want to maximize asset protection. I take you step-by-step through each important provision in an LLC Operating Agreement and explain each one in detail. I even provide some sample provisions for you to draft. By the end of the video, the important question of "what should I include in my LLC Operating Agreement" will be answered. If you want a very high quality attorney-drafted Operating Agreement (and/or other contracts and forms), note that a related company of mine is offering them at a fraction of the price you'd pay an attorney. Go here to learn more (and receive a 10% discount): https://bit.ly/Legal-Templates. If you want a free template Operating Agreement, I have a video walkthrough on how to create an Operating Agreement for free here: https://youtu.be/-7NH95aM2YQ. 00:00 Intro: What Should I Include in an Operating Agreement for LLC 00:36 What is an Operating Agreement for LLC? 00:50 Why Have an Operating Agreement for LLC? 01:49 What Should be Included in Operating Agreement for LLC *Next Steps After Forming Your LLC:* 1. For my video on Steps to Take After You Create Your LLC, go here: ✅ https://youtu.be/QvFuTI3CdbQ 2. For *Comprehensive "Next Steps Guide"* (which covers important next steps and operation issues in great detail), go here: ✅ https://bit.ly/Legal-Templates 3. For my video on “How to Pay Yourself from Your LLC,” go here: https://youtu.be/w6H0L4F0oYA 4. For a Registered Agent Service (with no price increases), go here: (ad) ✅ https://bit.ly/best-registered-agent 5. To Register Your LLC to Do Business in Another State, go here: (ad) ✅ https://bit.ly/foreign-registration *Virtual Office Options:* 1. For a Virtual Office (least expensive - mail accessible online), go here: (ad) ✅ https://bit.ly/virtual-office-1 2. For a Virtual Office (where you can have meetings), go here: (ad) ✅ https://bit.ly/AllianceVirtualOffices *LLC & Holding Company Formation:* For my video on Holding Company Structures, go here: ✅ https://youtu.be/_IogAZ1xJoU *LLC Management & Operations:* For my video on Manager-Managed vs Member-Managed LLC, go here: ✅ https://youtu.be/EKN-InxE2QQ *S Corp Election for Your LLC:* 1. For my video on Whether & When to Elect S Corp Tax Status, go here: ✅ https://youtu.be/q34kHeLPGQg 2. Need help making the S Corp election? (ad) Go Here: ✅ https://bit.ly/s-corp-election If you are in California or doing business in CA and prefer to hire an attorney to set up an LLC, advise you on proper structures and/or to draft an Operating Agreement or other related documents, feel free to reach out to me at: ✅ https://www.chrisjacksonlaw.com Thank you! Best regards, Chris Jackson Success Advisors LLC *Bio:* I have over 25 years of experience as a California-licensed business attorney. I'm also an entrepreneur who has owned, managed and sold at a significant profit multiple franchise coffee houses. In addition, I have finance and operational experience in several companies, including as a Chief Operating Officer (COO) and General Counsel of a group of companies. *Legal Disclaimer:* NOTE that nothing in this video is intended to create an attorney-client relationship. This video, the description above, my answers to questions, and my channel are for general information and entertainment purposes only and should not be construed or relied upon as legal or tax advice (generally or specifically). You should not act or rely on any of the information contained herein. For legal or tax advice, I encourage you to get such advice from an attorney and/or CPA authorized to practice in the applicable state. *Affiliate FTC Notice:* Some of the links in the description, video and/or comments may be affiliate (ad) links whereby if you select such links and purchase something, my LLC may earn a commission *(at no extra cost to you)*. Note that I only recommend companies or services I use myself, and any commissions received by my LLC support my channel, and for that I thank you - it is much appreciated! #limitedliabilitycompany #llc #llc2025 #assetprotection