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This text highlights important information regarding an Operating Agreement for an LLC. It clarifies that the information provided is for educational purposes only and does not constitute legal, tax, or financial advice, recommending consultation with a licensed professional for specific needs. The Operating Agreement is an internal document that delineates the management structure of the LLC, detailing the members and their ownership percentages, known as membership interests. Unlike LLC Formation Documents, the Operating Agreement is not submitted to the state but should be retained with business records. Additionally, it is emphasized that the contents are copyright protected and cannot be redistributed without consent.