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This text emphasizes that the information provided is for educational purposes only and not legal, tax, or financial advice. It highlights the importance of consulting with a licensed attorney or CPA for personalized advice. The text explains that an Operating Agreement is an internal document among LLC members that outlines how the business will be managed financially and operationally. It clarifies that the Operating Agreement does not need to be submitted to the state but should be kept with business records. Additionally, the purpose of an Operating Agreement is to determine the members' ownership percentage and outline how the LLC is managed.
