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Do you actually need an **LLC operating agreement** if you are the sole owner of your business? In this video, Katie St Ores (CFP® and Enrolled Agent) explains why skipping this critical document could legally ruin your business and put your personal assets at risk. Learn how to structure your internal management, protect your limited liability status, and set up your business for long-term growth and bank funding.

Form Your Corporation with Bizee: https://go.saintores.com/Bizee

Form Your Corporation with LegalZoom: https://go.saintores.com/LegalZm

Curated Business Resource Finder: https://go.saintores.com/Resource

Subscribe to Katie St Ores CFP: https://go.saintores.com/Sub

Chapters

00:00 What is an LLC Operating Agreement?

00:50 Do I need an Operating Agreement?

01:25 How to protect your personal assets

01:50 Member managed vs manager managed LLC

02:40 How do LLC capital contributions work?

03:15 How are LLC profits distributed?

03:40 LLC voting rights and decisions

04:10 What happens when an LLC partner leaves?

05:10 How to change an LLC agreement

05:40 Why banks need an operating agreement

#LLC #operatingagreement #SmallBusiness #Entrepreneur #katiestores

Other small business videos:

LLC vs C Corp Explained: Taxes, Protection & Setup

Choosing a Business Structure: LLC or Corporation?

DBA vs LLC: Which is Best for Your Small Business?

Don't Choose a DBA or LLC Until You Watch This Guide

Financial Disclaimer: Katie St Ores is a Certified Financial Planner™ (CFP®) and an Enrolled Agent (EA) licensed by the US Department of the Treasury. However, the content in this video and description is provided for general educational and informational purposes only and is not intended as a substitute for professional advice. This information should not be construed as personalized tax, legal, or financial advice. Every business and individual financial situation is unique. Always consult with a qualified professional regarding your specific tax or financial circumstances before making any decisions or taking action.