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This text emphasizes that the provided information is for educational purposes only and should not be considered legal, tax, or financial advice; consultation with a licensed attorney or CPA is recommended for specific needs. It also states that the content is copyright protected and cannot be redistributed without permission. An Operating Agreement is defined as an internal document for LLC members that outlines management procedures, member identities, and ownership percentages (membership interest). Unlike LLC Formation Documents, it does not need to be submitted to the state but should be kept with business records. The agreement establishes management and operational guidelines for the LLC.