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The text emphasizes that the information provided is for educational purposes and does not serve as legal, tax, or financial advice. It advises consulting a licensed attorney or CPA for specific needs. The content is copyright protected and cannot be redistributed without consent. An Operating Agreement is crucial for LLCs as it outlines management, membership interests, and operational procedures. Unlike LLC Formation Documents, it is an internal document and should be kept with business records rather than submitted to the State. Its key functions include detailing member identities and ownership percentages, as well as management and tax protocols for the LLC.