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The text emphasizes that the information provided is for educational purposes only and should not be considered legal, tax, or financial advice. It highlights the importance of consulting with a licensed attorney or CPA for specific needs. The text explains that an Operating Agreement in an LLC is an internal document that outlines how the LLC will be managed both financially and operationally. It is not required to be filed with the State but should be kept with business records. The agreement defines the members of the LLC, their ownership percentage, and outlines how the LLC is managed, including tax matters.
