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The text outlines that the information provided is for educational purposes only and does not substitute for legal, tax, or financial advice, which should be sought from licensed professionals. It emphasizes that the content is copyright protected and cannot be redistributed without consent. The Operating Agreement is described as an internal document for LLCs, detailing management and ownership structure, including members and their percentage of ownership (membership interest). Unlike LLC Formation Documents, it does not need to be submitted to the state but should be kept with business records. The Operating Agreement clarifies management procedures and tax handling for the LLC.