184. Why Your LLC Needs an Operating Agreement ASAP
Description
Save your seat for my free upcoming masterclass: The Fastest Way to Create a Solid Legal Foundation (that doesn't break the bank)
Is your LLC truly protected, or are you unknowingly putting your personal assets at risk?
In this episode, I’m diving into the details of LLC operating agreements and why they’re so important for business owners like you. I’ll walk you through what an operating agreement is, how it protects your business from personal liability, and why it’s a must-have, whether you’re a solo entrepreneur or in a partnership. Don’t make the mistake of skipping this document. Trust me, it could save you from a lot of chaos down the road!
Tune into this episode to hear these critical takeaways about LLCs:
- LLC operating agreements lay out the ownership, management, and operations of your business, and are important, even if you’re the only member.
- Without an operating agreement, your LLC could be seen as a sole proprietorship, which puts personal assets on the line.
- If you’re in a multi-member LLC, operating agreements help prevent disputes by clearly defining everyone’s roles.
- You can customize and amend your operating agreements as your business grows, keeping things flexible while still providing structure.
- Just filing your LLC with the state isn’t enough…an operating agreement protects your members from personal liability.
Links and Resources:
Grab the Single Member LLC Operating Agreement Template
Grab the Multi-Member LLC Operating Agreement Template
Join the TLP Facebook Community, a safe space to ask any questions related to the law or your business: http://tlpfacebook.com/
Visit The Legal Paige for contract templates, blogs, and additional legal resources, and follow me on Instagram.
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