Operating Agreements: The LLC Document That Saves Businesses and Friendships

Your LLC has default rules. They were not written for your business.In this episode, I break down everything you need to know about operating agreements: the internal document that governs how your LLC runs, protects your partnerships, and determines what happens when things go sideways.Whether you're a solo LLC owner (yes, you need this too) or you have business partners, this episode covers what an operating agreement is, what it must include, 8 of the most costly mistakes I see, and the questions I'm asked most often on this topic.📋 Download the free operating agreement checklist at kingpatentlaw.com: A 5-Question Check on Your LLC Operating Agreement: Potent Potion or Poisonous Brew?Timestamps:(00:00) Introduction: The Case for Operating Agreements(02:24) What Is an LLC Operating Agreement?(05:05) Why Single-Member LLCs Need One Too(07:34) What Your Operating Agreement Must Cover(16:20) Common Mistakes and How to Avoid Them(25:00) Practical Takeaways(26:22) Frequently Asked Questions(31:41) Wrap-UpAvoid the legal horrors, and keep rocking your IP.💀🎸🎙️ PODCAST: Avoid the Legal Horrors with Julie King: Patent, Trademark, and Business Strategy. Helping entrepreneurs, creators, and small business owners understand and use IP law as a business tool, without the jargon. 📅 Ready to protect your brand and business? Book a consultation at kingpatentlaw.com. I serve intellectual property clients nationwide and business and estate planning clients in Illinois.📚 Full transcript and more resources at kingpatentlaw.com/blog📱@kingpatentlaw on social media platforms (NOT X)Disclaimer: This information is for educational purposes only, is not legal advice, and does not form an attorney-client relationship. For advice about your specific situation, consult with a licensed attorney. Contains attorney advertisement material. Julie King | King Patent Law, PLLC | 301 N Neil St Ste 400, Champaign IL 61820. Phone and email available at kingpatentlaw.com