Welcome to Episode 2 of Learn Laws! Join hosts James White and Andrew Eastler as they dive into the world of LLC operating agreements. What are they? Who needs one? And why are they critical for your business—even if law does not require them? In this episode, we break down the essentials: how operating agreements define ownership, protect assets, prevent disputes, and even tie into estate planning. From sole-member LLCs to multi-member setups, we’ve got real-world insights to help small business owners avoid costly mistakes.
Key Takeaways:
-Why EVERY LLC should have an operating agreement (yes, even you!) -How it safeguards your business from partnership disasters and legal pitfalls -Expert tips on succession planning, voting rights, and asset protection
Timestamps:
00:00 - Intro to Learn Laws
00:35 - What is an LLC?
02:45 - Why You Need an Operating Agreement
10:10 - Ownership Structure & Asset Protection
20:49 - Can the Corporate Veil Be Pierced?
28:50 - Succession Planning & Estate Benefits
58:28 - Final Tips & Wrap-Up
Disclaimer: This content is for educational purposes only—not legal advice. Consult an attorney for personalized guidance. Like, subscribe, and comment below with your questions or topics you’d like us to cover next!
