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The information provided is for educational purposes only and does not constitute legal, tax, or financial advice. For personalized guidance, consultation with a licensed attorney or CPA is recommended. The content is copyright protected and may not be redistributed or modified without consent from the author. An Operating Agreement outlines the management of an LLC, including financial and operational aspects. Unlike LLC Formation Documents, it does not require submission to the State, as it is an internal document. The Agreement details the members, their ownership percentages (membership interest), and the LLC's management and tax structure.