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An operating agreement is a key document used by limited liability companies (LLCs) to outline the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners, called "members".
Microsoft Word's native file formats are denoted either by a .doc or .docx filename extension. Although the .doc extension has been used in many different versions of Word, it actually encompasses four distinct file formats: Word for DOS; Word for Windows 1 and 2; Word 3 and 4 for Mac OS; Word 6 and Word 95 for Windows; Word 6 for Mac OS
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The new XML-based document file format in Microsoft Office 2007 is incompatible with previous versions of Microsoft Office unless an add-on is installed for the older version. [111] PC World has stated that upgrading to Office 2007 presents dangers to certain data, such as templates, macros, and mail messages. [112]
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