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The text explains that the Operating Agreement is an internal document for an LLC, outlining how the business will be managed both financially and operationally. It does not need to be filed with the State but should be kept with business records. The agreement specifies the members and their ownership percentages, as well as how the LLC is managed. For legal, tax, or financial advice tailored to your business, consult with a licensed attorney or CPA. Copyright protection applies to this information.