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Kansas LLC Operating Agreements (2)

A Kansas LLC operating agreement acts as the foundation for how a company is run, establishing the company's ownership, its officers, how it will be managed, capital contributions, and any other business matters. After signing, the members should each retain a copy of the document, as it is not filed with the Secretary of State.
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By Type (2)


Single-Member LLC Operating Agreement – For use by sole proprietors (single owners) to establish their business procedures, recording of daily activities, and provide protection to personal financial assets, among other aspects.

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Multi-Member LLC Operating Agreement – For use by companies with more than one member. The document shall set forth procedures and policies that will be observed by all managing members. The document will provide protection for all contributing members.

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State Definition

“Operating agreement” means any agreement, whether referred to as an operating agreement, limited liability company agreement or otherwise, written, oral, or implied, of the member or members as to the affairs of a limited liability company and the conduct of its business. A member or manager of a limited liability company or an assignee of a limited liability company interest is bound by the operating agreement whether or not the member or manager or assignee executes the operating agreement. A limited liability company is not required to execute its operating agreement. A limited liability company is bound by its operating agreement whether or not the limited liability company executes the operating agreement. An operating agreement of a limited liability company having only one member shall not be unenforceable by reason of there being only one person who is a party to the operating agreement. An operating agreement is not subject to any statute of frauds, including K.S.A. 33-106, and amendments thereto. An operating agreement may provide rights to any person, including a person who is not a party to the operating agreement, to the extent set forth therein …

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