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The provided information is for educational purposes only and should not be considered legal, tax, or financial advice. For specific needs, consulting a licensed attorney or CPA is recommended. The content is copyright protected and cannot be redistributed without consent. An Operating Agreement is an internal document for LLC members, outlining management and financial operations. Unlike LLC Formation Documents, it doesn't need to be submitted to the State. The Agreement details member identities, ownership percentages (membership interest), and management structure of the LLC, establishing guidelines for operational governance.