Updated on November 3rd, 2021
A Kansas single-member LLC operating agreement presents an overview of a single-member limited liability company’s powers, procedures, and internal structuring. The document asserts the company’s legal status and authority as an entity separate from the owner.
Operating agreements are not filed with the state but are kept by the owner as confirmation of their company’s legitimacy, which can be required in the acquisition of loans, investments, or during legal proceedings. Furthermore, by choosing to enter into an operating agreement, the owner can bypass the default state laws that would normally govern their LLC and structure the company to their preference.