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The provided information is for educational purposes only and does not constitute legal, tax, or financial advice. For specific guidance, consult a licensed attorney or CPA. The text emphasizes that the Operating Agreement is a crucial internal document for LLC members, detailing financial and operational management. Unlike LLC Formation Documents, it doesn't need to be filed with the State but should be retained with business records. The Agreement specifies the members and their ownership percentages (membership interests) and outlines management structure and tax-related provisions. Redistribution or modification of this content is prohibited without written consent from the author.