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This text serves as a disclaimer that the information provided is for educational purposes only and not legal, tax, or financial advice. It advises consulting a licensed attorney or CPA for specific business needs. It also notes that the content is copyright protected and cannot be redistributed without consent. An Operating Agreement is described as an internal document for LLC members that outlines management and financial operations. It details member identities, their ownership percentages (membership interest), and management procedures. Unlike LLC Formation Documents, the Operating Agreement does not need to be submitted to the state but should be kept with business records.