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The provided information is for educational purposes only and does not serve as legal, tax, or financial advice. It is recommended to consult a licensed attorney or CPA for specific guidance. The content is copyright protected and cannot be redistributed without permission. An Operating Agreement is an internal document for LLC members, detailing management and operational procedures. Unlike LLC Formation Documents, it does not need to be submitted to the State. The Agreement outlines member identities, their ownership percentages, and management structure, ensuring clarity on the operation of the LLC. Keep this document with your business records.