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The text provides educational information about the importance of an Operating Agreement for LLCs. It outlines that an Operating Agreement determines how the LLC will be managed financially and operationally, and clarifies membership ownership percentages. Unlike Formation Documents, an Operating Agreement does not need to be sent to the State. It is an internal document to be kept with business records, guiding LLC management and decision-making processes. Consultation with legal and financial professionals is recommended for personalized advice.