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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 redistributed without consent. An Operating Agreement is a document among LLC members that outlines the LLC's management, both financially and operationally. It is not required to be submitted to the State and is considered an internal document. The Agreement details the members, their ownership percentages (membership interest), management structure, and tax responsibilities.