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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 content is copyright protected and cannot be copied or redistributed without consent. An Operating Agreement is an internal document for LLC members, detailing financial and operational management. It does not need to be submitted to the State and should be kept with business records. The agreement specifies member identities, ownership percentages (membership interest), and management procedures for the LLC.