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This text provides crucial information regarding the Operating Agreement for an LLC. It emphasizes that the content is for educational purposes only and does not offer legal, tax, or financial advice; consulting a licensed attorney or CPA is recommended for specific needs. The Operating Agreement is an internal document that outlines the management structure of the LLC, specifying the members and their ownership percentages. Unlike LLC Formation Documents, it does not need to be submitted to the state but should be kept with business records. Its purpose is to clarify management responsibilities and tax implications within the LLC. The content is also copyright protected and cannot be redistributed without consent.