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This text serves as a disclaimer stating that the information provided is for educational purposes only and does not constitute legal, tax, or financial advice. For personalized advice, consultation with a licensed attorney or CPA is recommended. The content is copyright protected and cannot be redistributed without consent. It explains that an Operating Agreement is a document for LLC members detailing management and operational procedures. Unlike LLC Formation Documents, it does not need to be submitted to the State and is kept internally. The Operating Agreement outlines member identities, ownership percentages, and management structures for the LLC.