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The provided information is for educational purposes only and does not constitute legal, tax, or financial advice. For specific guidance regarding your business, consult a licensed attorney or CPA. The content is copyright protected and cannot be redistributed or modified without consent. An Operating Agreement is a crucial internal document for an LLC, detailing member identities and ownership percentages (membership interest). Unlike LLC Formation Documents, it is not submitted to the state but must be kept with business records. The Operating Agreement outlines the management structure and tax responsibilities of the LLC.
