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An Operating Agreement is a key internal document for LLCs that outlines how the LLC will be managed financially and operationally. It does not need to be filed with the state but should be kept with your business records. The agreement specifies the members of the LLC, their ownership percentage, and defines how the LLC will be managed. For legal, tax, or financial advice tailored to your business needs, consult with a licensed attorney or CPA in your state.
