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The information provided is for educational purposes only and does not constitute legal, tax, or financial advice; consulting a licensed attorney or CPA is recommended for business-specific guidance. The content is copyright protected and may not be shared without written consent from the author. An Operating Agreement is an internal document for LLC members, detailing management structures, financial operations, and member ownership percentages (membership interests). It does not need to be filed with the State, but should be kept with business records. The Agreement clarifies management procedures and tax responsibilities for the LLC.