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The information provided is for educational purposes only and does not constitute legal, tax, or financial advice; consultation with a licensed attorney or CPA is recommended for specific business needs. The text discusses the Operating Agreement, which is an internal document for LLC members outlining management and financial operations. Unlike LLC Formation Documents, the Operating Agreement does not need to be submitted to the state and should be kept with business records. It details membership interests, specifying who the members are and their ownership percentages, as well as the management structure and tax responsibilities of the LLC. Redistribution of this information requires prior written consent from the author.