Description
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In this video, Clint Coons, Esq. reveals six hidden clauses that could completely undermine your LLC's asset protection—even if your operating agreement looks perfectly legitimate.
Most LLC operating agreements appear clean, professional, and legally sound. But buried inside many of them are common provisions that can weaken your liability protection, expose your assets during a lawsuit, or create costly legal problems you never saw coming.
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He breaks down complex legal concepts into practical strategies you can apply to your own LLC.
Whether you downloaded a template online, had someone else prepare your operating agreement, or simply haven't reviewed it in years, this video will help you identify potential weaknesses before they become expensive mistakes.
Show Notes:
0:00 The Hidden Danger in Your LLC Operating Agreement
2:43 Clause #1: Business Purpose Clause
5:26 Clause #2: Duty of Loyalty Clause
9:10 Clause #3: Death of a Member Clause
12:43 Clauses #4 & #5: Annual Report & Annual Meetings
16:42 Clause #6: Mandatory Profit Distribution Clause
20:08 Final Takeaways & How to Review Your LLC
21:01 Get Your Operating Agreement Reviewed
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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 financial, investment, or 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.
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