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The text provides information on Operating Agreements for LLCs, stating that it is an internal document that outlines how the LLC will be managed financially and operationally. It highlights that the Operating Agreement does not need to be submitted to the state and should be kept with business records. The agreement specifies the members of the LLC, their ownership percentage, and how the LLC is managed. It is recommended to consult with a licensed attorney or CPA for personalized advice.
