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This text provides information about an Operating Agreement for an LLC, emphasizing that it is an internal document between members that outlines how the LLC will be managed financially and operationally. Unlike LLC Formation Documents, the Operating Agreement does not need to be submitted to the state. Its purpose is to identify members, their ownership percentage, and how the LLC is managed. It is suggested to consult with a licensed attorney or CPA for specific legal, tax, or financial advice tailored to your business needs.