Operating Agreements: The LLC Document That Saves Businesses and Friendships

Show Notes

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-Up

Avoid the legal horrors, and keep rocking your IP.💀🎸

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📚 Full transcript and more resources at kingpatentlaw.com/blog

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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

What is Avoid the Legal Horrors with Julie King: Patent, Trademark, and Business Strategy?

Your business has IP worth protecting. Your brand deal contract may be signing it away. Your AI tools may not be as confidential as you think. I'm Julie King, a patent, IP, & business attorney with 25+ years of experience, and I make intellectual property and business law actually interesting—with a rock-and-horror twist. Patents, trademarks, copyright, trade secrets, brand deals, and business law for small business owners and creators. No jargon. No condescension. Just the stuff you actually need to know. Avoid the legal horrors and keep rocking your IP. 💀🎸
Contact info at kingpatentlaw.