8 Stupid Mistakes in Your LLC Operating Agreement

In this video, I'm going to talk about some mistakes that I see often when I review existing operating agreements that people have set up with inexperienced attorneys that are not familiar with creating operating agreements for real estate investors.

Here are eight mistakes I want to show you that I see many times in operating agreements that you should look to avoid in putting together your LLC operating agreement.

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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#operatingagreement

[randomloverboy]

I can’t believe he’s giving this information for free! This is well covered and ingenious!

[lathanadams]

WHEW! That was probably the most informative video I've watched all year! Super powerful information that could make or break a business' future. Thank you for taking the time to invest in you viewers. You saved us a lot of time, headaches, heartaches, and MONEY! As always, thank you. I LOVE your channel, professional and straight to the point!

[jedburlingham]

Great content, Clint. The mistakes one can make on an LLC in their state are HUGE. Thanks for bringing those points to our attention!

[powercompass]

Best video I watched in Youtube so far. You just helped me to avoid two mistakes and in the comments you also gave me a solution to another one. You are very clear for those who don't get along with lots of legal concepts. I just became member of your channel. Thank you Clint.

[rben]

This information is gold. I went through an online OA builder, but I had no idea the reasoning behind the questions, or what the best answers were. Thanks so much for this!!

[yoshisaidit]

1: Manager managed
2: No forced Distributions
3: Non-Pro Rata Distributions
4: No Charging language
5: Restrictions on transfers
6: Tax provisions inline with what LLC you want to run
7: No right to return of capital
8: Appointment of officers

[SANDHAPPS]

Thank you so much for publishing these videos, they are giving me a lot of information to set up the road map to form my company.

This guy is the real deal. Ask your local attorney about this and see how of these he or she can even list

[OnlyLegendswin]

Just subscribed, I love the impactful information. It's a breath of fresh air to hear someone who's an effective communicators.

[mberrynunez]

Great content. 💯 I was a Corp Acct for more than 30 years. I appreciate your level of thoroughness, which definitely comes from many years of experience. Many of the younger attorneys, accountants, etc... are familiar with "the mechanics" of comleting an operating agreement. However, they may inadvertently miss important aspects that could be very costly to both personal and business finances in the future.

[antonioaa]

I have watched this video and many others many times as it has very helpful information on how to avoid some of the mistakes when setting up an LLC. Thank you for all this value information.

[jonathancabanas]

Thanks Clint I just opened an LLC and this video gave me a clear idea on what to add and expect.

[mystudent]

Just finished listening to you for the first time. I became a member. You are a wonderful teacher/ professor.

[lisakeene]

I am SO GRATEFUL your video came across my feed. What a relief it has been learning from you. Of course, now I'm a follower and a fan. Mama said I should have been an attorney, I see that now, back then I wouldn't get off my horse long enough to make that happen. Thanks again Clint.

[melg]

WOW! Subscribe immediately. So informative and stated in a way that is easy to comprehend and apply, with an understanding of WHY it's important. Thank you for this.

[nuxtqhu]

Love your videos!! Have watched several today! So informative!! Thank You!

[TONYTINTON]

Professional and passionate. Quantified! Thanks so much for taking your time out for us all.

[bryanTVchannel]

This is the video I’ve been waiting for now I finally understand operating agreement and I’m ready to pick up the phone and call Anderson to do business with him :)

[gilbert_tekeoh]

Really love the 8 outlined mistakes. Would love to watch another video on the many other mistakes. Just subscribed. 🤜✅🤛. Thanks a lot.

[shadidwebsitesonlinemarket]

Thank God for the internets and Youtube! This channel is a godsend, and the information, is powerful! This is a real experienced lawyer talking right here, not an amateur! I appreciate this executable information sir! Thank you!