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The information provided is for educational purposes only and does not constitute legal, tax, or financial advice; for such needs, consult a licensed attorney or CPA. The content is copyright protected and cannot be shared or modified without consent. An Operating Agreement is an internal document for LLC members, outlining management and financial operations. Unlike LLC Formation Documents, it doesn't need to be filed with the State. The Agreement details member identities, ownership percentages (membership interests), and management structures of the LLC.