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In this video, we break down why your LLC operating agreement is the backbone of asset protection and why overlooking a few words in that document could cost you everything.
Many business owners assume a limited liability company is simple, but without the right language in your operating agreement, you may be leaving yourself exposed to lawsuits, creditors, and financial losses.
Through a real-life case study from Utah, we explore how one business owner lost millions due to a missing phrase in his LLC agreement.
WATCH NEXT 👉 Setting Up An LLC For Real Estate Investors (Ultimate Guide!) https://youtu.be/7QbMH6V5rL4
Whether you’re just forming your LLC or already managing one, this discussion will show you the hidden traps and how to avoid them.
If you want to protect your wealth, your family, and your future, understanding the power of a properly drafted operating agreement is essential.
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Show Notes:
0:00 – Intro
1:00 – The risk of cheap LLC setups
3:44 – Charging order on his LLC interest
5:27 – Plaintiff challenges distributions in court
6:02 – The operating agreement’s distribution clause
7:28 – The missing three letters that changed everything
8:08 – How intent shapes your LLC’s operating agreement
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FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today to protect your business and personal assets from snoopy lawyers, creditors, or even greedy people out to make a quick buck who want to take advantage of YOU. 👉 Save Your Seat: https://aba.link/exf
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FINANCIAL PLANNING & RESOURCES
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For financial strategies, podcasts, articles, and details on upcoming workshops, visit https://aba.link/clintaba
Here’s a little about me and my book Asset Protection for Real Estate Investors
https://aba.link/clintbio
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. 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.
#llc #operatingagreement #clintcoons
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