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This text provides educational information regarding Operating Agreements for LLCs, emphasizing that it does not constitute legal, tax, or financial advice. It encourages consulting licensed professionals for specific needs. The Operating Agreement is a crucial internal document that outlines the management structure of the LLC, detailing the members and their ownership percentages. Unlike LLC Formation Documents, it does not need to be submitted to the state, but must be retained with the business records. Its primary purpose is to clarify membership interests and the operational management of the LLC. The text also notes the copyright protection of its content.