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This text provides educational information about an Operating Agreement for LLCs, emphasizing that it is not legal, tax, or financial advice. It advises consultation with a licensed attorney or CPA for specific needs. The Operating Agreement is an internal document that outlines LLC management and member ownership percentages (membership interest). Unlike LLC Formation Documents, it does not need to be submitted to the State, but should be kept with business records. The agreement serves to clarify the structure of the LLC, management procedures, and tax implications. Additionally, the text notes that it is copyright protected and cannot be redistributed without consent.