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This text provides educational information about an Operating Agreement for an LLC, emphasizing that it is not legal, tax, or financial advice. For specific guidance, consulting a licensed attorney or CPA is recommended. The Operating Agreement is an internal document outlining the management structure of the LLC, including member identities and their ownership percentages (membership interests). Unlike LLC Formation Documents, it does not need to be filed with the state but should be retained with business records. The agreement also details management processes and tax handling for the LLC. The content is copyright protected and cannot be redistributed without the author's consent.