A Kansas LLC operating agreement is a binding contract that is executed by its members to show acknowledgment of a company’s procedures, and hierarchy. It is also helpful when completing third party actions such as renting or acquiring property.
A Kansas LLC operating agreement is a binding contract that is executed by its members to show acknowledgment of a company’s procedures, and hierarchy. It is also helpful when completing third party actions such as renting or acquiring property.
No. Kansas law does not demand that an operating agreement is executed or adopted by an LLC; however, it is recognized and enforceable so long as it is legally executed. (K.S.A. § 17-76,134)
“Operating agreement” is known as the formal oral agreement or written contract that describes the way the company conducts business while naming every owner and member;
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