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This text outlines that the information provided is for educational purposes only and does not constitute legal, tax, or financial advice. For specific guidance, it's recommended to consult a licensed attorney or CPA. The text emphasizes the copyright protection of its contents, prohibiting redistribution or modification without consent. It describes an Operating Agreement as an internal document for an LLC that details the management structure and operational protocols. Unlike LLC Formation Documents, the Operating Agreement is not submitted to the state but should be kept with business records. It defines the members of the LLC, their ownership percentages, and management procedures.