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The provided information is for educational purposes only and does not serve as legal, tax, or financial advice. For specific advice, one should consult a licensed attorney or CPA. The content is copyright protected and cannot be redistributed or modified without consent. An Operating Agreement is an internal document for LLC members that outlines the management structure and financial operations of the LLC. It is not required to be filed with the state and should be kept among business records. The agreement details the members' identities, their ownership percentages, and the management procedures for the LLC.