Kansas LLC Operating Agreement
The Kansas LLC Operating Agreement is the core document that is referred to when issues
concerning a Kansas limited liability
company (“LLC”) need to be resolved.
The LLC
Operating Agreement is the most important document for your Kansas LLC.
In the case of a single member LLC, without the formality
of an LLC Operating Agreement, the LLC can closely resemble
a sole proprietorship, which does not limit your personal
liability for business debts of the LLC.
With respect to a multi-member LLC, the LLC Operating Agreement reflects the agreement among the members with
respect to the affairs and management of the LLC and governs
the relationship amongst the members of the LLC. By having
an LLC Operating Agreement, the members will be provided
with a clear set of rules that all members have agreed upon
greatly reducing the likelihood of disagreement between
them in the future. A LLC Operating Agreement will also
greatly reduce financial and management misunderstandings,
and make sure your business is governed by your own rules
-- not default rules created by the state of Kansas.
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Whether your LLC
will have one or more members, will be managed by its members
or by elected managers, or will be granting one or more
members an interest in the LLC for the performance of services,
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agreement tailored to the needs of your business.
If you don’t want
to spend thousands of dollars on a lawyer and don’t trust
outdated internet forms, then let myLLCagreement.com help
you create a customized LLC operating agreement for your
Kansas LLC.
The LLC operating
agreement does not have to be filed with any state agency.
All states, including the state of Kansas will enforce valid
operating agreements entered into among LLC members. The
operating agreement will only be enforced against the persons
who are parties to the agreement. Therefore, it is extremely
important that all members of an LLC sign the operating
agreement.
Your Kansas
Limited Liability Company
LLC Filing Office
Kansas
Secretary of State
Corporation Division
First Floor, Memorial Hall
120 S.W. 10th Ave.
Topeka, KS 66612
Tel: 785-296-4564
http://www.kssos.org/forms/forms_results.asp?division=BS
Check Name Availability
Entity or Franchise
Level Tax
Kansas does not require partnerships, LLCs taxable
as partnerships, or disregarded single-member LLCs to pay
a tax based on net income.
However, a limited partnership, limited liability
partnership (LLP), or LLC (including a single-member LLC
that is disregarded for federal income tax purposes) with
net capital accounts located or used in Kansas at the end
of the preceding taxable year of $100,000 or more is subject
to an annual franchise tax at the rate of 0.125 percent
of the net capital accounts located or used in Kansas.
State LLC Act
The
Kansas LLC Act is contained in Chapter 17 of the Kansas
Statutes, Article 76
Important Statutory Rules
LLC Management
An
LLC is managed by its members unless the Operating Agreement
states that the LLC is to be managed by one or more managers.
Admission of Members
Unless
the Operating Agreement states otherwise, new membership
must be issued with the written consent of all the members.
Amending the Operating Agreement
No
statutory requirements exist for amending the Operating
Agreement. The members may set their own rules for amending
the Operating Agreement.
Dissolution
The
written consent of all members is required to voluntarily
dissolve the LLC.
GET A CUSTOMIZED KANSAS LLC
OPERATING AGREEMENT IN MINUTES
