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This text provides information on the importance of an Operating Agreement for an LLC. It outlines that an Operating Agreement is an internal document that details how the LLC will be managed financially and operationally. It does not need to be filed with the state, but should be kept with your business records. The agreement specifies the members of the LLC, their ownership percentages, and how the LLC will be managed. Consulting a licensed attorney or CPA for legal, tax, or financial advice specific to your business needs is recommended.