Mastering LLCs – Episode 4: Operating Agreement Design

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Recorded28 Jul 2025

Publisherfeed.podbean.com ↗

Handlerec:18931745

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.

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