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This instructional text emphasizes that the information provided is for educational purposes only and does not constitute legal, tax, or financial advice. For tailored advice, consultation with a licensed attorney or CPA is recommended. It highlights that the content is copyright protected and may not be reproduced without permission. An Operating Agreement is described as an internal document among LLC members, detailing the management of the LLC both financially and operationally. Unlike LLC Formation Documents, it is not submitted to the state. The Operating Agreement outlines member identities, ownership percentages (membership interests), and management procedures of the LLC.