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The provided information is for educational purposes only and not legal, tax, or financial advice. For specific needs, consult a licensed attorney or CPA. The content is copyright protected and cannot be redistributed without consent. An Operating Agreement is an internal document for LLC members that outlines financial and operational management. Unlike LLC Formation Documents, it does not need to be filed with the State and should be kept with business records. The agreement details member identities, ownership percentages (membership interest), management structure, and tax matters.