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The text provides information for educational purposes only and is not legal, tax, or financial advice. An Operating Agreement is an internal document for an LLC that outlines how it will be managed financially and operationally. It does not need to be sent to the State. The agreement defines the members, their ownership percentage, and how the LLC is managed. Consulting a licensed attorney or CPA for advice tailored to your business is recommended. No redistribution or modification of the lesson is allowed without prior consent.
