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The text provides information for educational purposes only and is not legal, tax, or financial advice. An Operating Agreement for an LLC outlines how the business will be managed financially and operationally. Unlike Formation Documents, the Operating Agreement does not need to be sent to the State and is kept internally. It identifies members, their ownership percentage, and details on managing the LLC.Consult with a licensed attorney or CPA for advice. Copyright protected, redistribution requires written consent.
