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The text explains that the information is for educational purposes only, not legal or financial advice. An Operating Agreement is a document outlining the management and operation of an LLC, separate from formation documents and not required to be sent to the state. It details LLC members, their ownership percentages, and how the LLC is managed. Operating Agreements are internal and should be kept with business records. Copyright protection applies, and permission is needed for redistribution or modification. Consulting an attorney or CPA for specific advice is recommended.