LLC Operating Agreements for Kansas or Missouri

The business formation documents needed to start a limited liability company in Kansas or Missouri are LLC Articles of Organization and an LLC Operating Agreement. A Limited Liability Company (LLC) is formed by filing Articles of Organization with the Secretary of State where the business is to be located.  In both Kansas and Missouri, basic Articles of Organization for an LLC may be filed without a business lawyer, online through the Secretary of State’s web site.  For many businesses, though, the basic online Articles of Organization do not meet their needs.  Even the simplest of LLC Articles of Organization must include a sufficient amount of information such that the Secretary of State has authority under the state statutes to recognize the LLC as being a properly formed business in good legal standing. In Missouri, the Secretary of State requires that Articles of Organization identify the LLC‘s name, the general or specific purpose of the LLC, whether the LLC will be managed by a member or a non-member, an effective date for the submission, the duration of the business entity, the name and address of the LLC‘s registered agent, the name and address of the business organizer(s), and, of course, payment of a registration filing fee. Kansas has similar requirements.  To register an LLC in Kansas, the Secretary of State requires the Articles of Organization to identify:  the LLC‘s name, the principal office address, the name and address of the LLC‘s registered agent, the tax closing month, the effective date for the submission, and a registration filing fee. The LLC Operating Agreement sets forth the rules and procedures that will govern how the limited liability company will be run.  LLC Operating Agreements frequently contain provisions for the sale of membership interests, including a so-called “right of first refusal”; the members’ duties and obligations, which may include regular monetary contributions; designate managers, which may be members themselves, or non-members, and more.  State statutes generally give limited liability company members great freedom in dictating how their business will be run.  Therefore, LLC Operating Agreements–more so than LLC Articles of Organization–can be, and should be, set forth in considerable detail.  The more details that you address in the LLC Articles of Organization and Operating Agreement, the better off you will be in avoiding pitfalls in the operation of your business. If your business needs assistance in preparing LLC Articles of Organization or an LLC Operating Agreement to protect you and your business, contact The Flynn Law Firm today.  Our business lawyers are experienced in listening to business clients, and crafting business-formation documents like LLC Articles of Organization and LLC Operating Agreements that are catered to our clients’ unique needs.