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This text serves as a disclaimer, stating that the information is for educational purposes only and does not constitute legal, tax, or financial advice. For specific guidance, individuals should consult a licensed attorney or CPA. The content is copyright protected, prohibiting redistribution or modification without consent. An Operating Agreement is an internal document for LLC members, outlining management and operational procedures. Unlike LLC Formation Documents, it is not submitted to the state but should be kept with business records. The agreement details the members, their ownership percentages (membership interest), and management structure of the LLC.