Season 6 · Episode 4
Mastering LLCs – Episode 4: Operating Agreement Design
Organized: The Business Law Breakdown · Seth C. Oranburg
July 28, 202531m 44s
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Show Notes
Professor Seth C. Oranburg dives into crafting LLC operating agreements under ULLCA §105, covering permissible/prohibited terms, voting rights, profit/loss allocations, transfer restrictions, and the "manifestly unreasonable" standard. He warns against boilerplate pitfalls and ambiguities, making this vital for tailored LLC governance.