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The following text provides educational information about Operating Agreements for LLCs. An Operating Agreement is an internal document that outlines how the LLC will be managed financially and operationally. It does not need to be sent to the State and should be kept with the business records. The agreement defines the members, their ownership percentage, and how the LLC is managed. It is advised to consult with a licensed attorney or CPA for specific legal, tax, or financial advice. Copyright protection applies to this information.