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Kansas Multi-Member LLC Operating Agreement Form

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The Kansas multi-member LLC operating agreement is a legal document that will provide to the members of a member-managed entity, the ability to set forth company standard operating procedures and policies, agreed upon by all members and shall be observed by all members. Amendments may only be provided by unanimous agreement of all members.

The state of Kansas will not impose any requirement, that any company use the document while operating within the state. It should be considered, however, that without the provision of the document, members may be risking their personal financial accounts and other personal assets, should the business, at any point face litigation, bankruptcy or failure of any kind. The members would also be ineligible for any tax benefits that are directly related to implementation of the document. Members are advised to carefully consider implementation the document.

The members are equally advised to closely review the entire document. This would ensure that all members are clear with regard to the language of the document. Should the members be unclear they may elect to consult with an attorney. Signatures will be required on multiple pages. The document will require notarization.

How to Write

Step 1 – Download the document – Provide the name of the company in the first line at the top of the document

Step 2 – The Agreement – Submit the following:

  • Provide the date that the document would become effective, in mm/dd/yyyy format
  • Enter the names of the members of the company

Step 3 – The Company – Members must read the following titles. Submit all required information:

Formation –

  • Submit an effective date, in mm/dd/yyyy format
  • Enter the name of the company
  • Submit the name of the company under which the principal of the business shall be conducted

Name –

  • Enter the name of the company to be used to conduct business
  • Purpose – Review the statement

Office –

  • Enter the physical address whereas the company will conduct business

Registered Agent –

  • Enter the full name of the initially registered business
  • Enter the registered office address

Term –

  • Enter the company’s commencement date, in mm/dd/yyyy format

Read the last titles in the section:

  • Names and Addresses of Members
  • Admission of Additional Members

Step 4 – Titled Sections and it’s Subsections– The members must carefully review the following sections and subsections:

  • Capital Contributions (subsections 2.1 through 2.3
  • Allocations of Profits and Losses; Distributions – subsections 3.1 through 3.3
  • Indemnification
  • Powers and Duties of Managers, Section 5.1 and subsections 5.1.1 through 5.3
  • Salaries, Reimbursement, and Payment of Expenses – review subsections 6.1 through 6.3
  • Books of Account, Accounting Reports, Tax Returns, Fiscal Year, Banking – review subsections 7.1 through 7.4
  • Transfer of Membership Interest – 8.1 and 8.2 (subsections 8.2.1 through 8.2.5) – 8.4 (subsection 8.4.1) and 8.5 (subsections 8.5.1 through 8.5.5)
  • Dissolution – Review 9.1 – subsections 9.1.1 through 9.1.4) and 9.2 – subsections 9.2.1 through 9.2.3

Step 5 – General Provisions – Members must review all of the sections as follows:

  • Amendments
  • Governing Law
  • Entire Agreement; Modification
  • Attorney Fees
  • Further Effect
  • Severability
  • Captions
  • Notices

Step 6 – Additional Required Documents, Signatures, Acknowledgement – The members, must submit signatures to the remaining documentation, while Notary Public is present –

  • Type or print all member’s names (if more room is needed, add a sheet and attach to the document
  • Members – enter signatures

Listing of Members – Schedule 1 –

  • Provide the name of the company at the top of the page
  • Enter the date of the creation of the member’s list, in dd/m/yy format
  • Submit the names of the members
  • Submit all members physical addresses
  • Type/print each members names
  • Members must apply their signatures

Listing of Capital Contributions -Schedule 2 –

  • Enter the name of the company into the line at the top of the document
  • Enter the member’s names
  • Submit all member’s contributions ($100.00 minimum is required. No further obligation to offer future contributions)
  • Provide member’s percentage of interest
  • Submit the date of the member’s signatures, in dd/m/yy format
  • Members must print or type their names
  • Members must enter their signatures

Listing of Valuation of Members Interest – Schedule 3 –

  • Place the name of the company in the line at the top of the form
  • Submit the member’s names
  • Enter an amount of the member’s Valuation Endorsement
  • Enter the date of member’s signatures, in dd/m/yy format
  • Print or type the member’s names
  • The members shall enter their signatures

Step 7 – Notarization –

  • Once the member’s signatures have been witnessed by the notary, the notary public will complete the notarization by entering their information into the acknowledgment section of the form. The notary will enter their signature and affix the notary seal.

When the document has reached completion, all members should receive a copy of the document for their individual record keeping.