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This text serves as a disclaimer, clarifying that the information provided is for educational purposes only and does not constitute legal, tax, or financial advice. Individuals should seek guidance from a licensed attorney or CPA for specific needs. Additionally, the content is copyright protected and cannot be redistributed without consent. An Operating Agreement is an internal document for LLC members, detailing financial and operational management. Unlike LLC Formation Documents, it does not need to be submitted to the state. The agreement specifies members' identities and their ownership percentages (membership interest) and outlines management procedures for the LLC.