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This video provides educational information regarding Operating Agreements for LLCs, emphasizing that it is not legal, tax, or financial advice. Consultation with a licensed attorney or CPA is recommended for specific needs. The Operating Agreement is an internal document detailing LLC management, ownership percentages, and member roles. Unlike LLC Formation Documents, it doesn't require submission to the state and should be kept with business records. The document defines members' identities and their respective membership interests, as well as the operational management structure of the LLC. Redistribution or modification of this lesson without consent is prohibited.