Are you looking for an Operating Agreement for your Kansas LLC? If yes, then you have come to the right place.
Below, we’ve shared a generic operating agreement template which you can use and modify as per your business needs.
Why every LLC must have an Operating Agreement
An operating agreement is a legal contract which defines how the LLC will be governed and managed. It includes the rights and duties of the members. By far, it is one of the most important document for your LLC.
Having an operating agreement tailored to the business requirement can help mitigate any confusion or disputes down the line.
In the state of Kansas (KS Stat § 17-7672), it’s not mandatory for LLCs to have this agreement made. But having said that, every LLC must have this agreement made to safeguard the member’s interest.
The agreement broadly covers:
- Member(s) rights, duties, and obligation
- Member ownership percentage
- Capital contribution
- Profit/Loss distribution information
- Decision-making process
- Provision of buy/sale of membership interest
The agreement must be mutually agreed and signed by each participating member before it becomes official. The agreement can be printed on standard paper and it need not be filed anywhere.
Below we’ve shared a sample operating agreement for LLCs in Kansas:
Download Kansas LLC Operating Agreement (PDF/DOCX)
Based on the LLC type, download the relevant document.
Disclaimer: The document is shared for reference purpose only. We disclaim all liability and responsibility arising from any reliance placed on the information shared. We encourage you to consult a professional business attorney to get a professional agreement made.
Last Updated: 02/01/2019