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The provided information is for educational purposes only and does not serve as legal, tax, or financial advice. For specific guidance, consulting a licensed attorney or CPA is recommended. The Operating Agreement is an internal document for LLC members outlining management and operational procedures. It differs from LLC Formation Documents, as it does not need to be submitted to the state. This agreement details the members and their ownership percentages (membership interests), as well as how the LLC is managed and taxed. Additionally, the content is copyright protected, and redistribution or modification without consent is prohibited.