Gardner, KS asked in Business Formation, Business Law and Gov & Administrative Law for Kansas

Q: Can a single member LLC have a board of directors? if so does the state have to be notified?

1 Lawyer Answer
Scott C. Stockwell
Scott C. Stockwell
Answered
  • Lawrence, KS
  • Licensed in Kansas

A: A limited liability company (LLC) in Kansas may have a structure as determined by the operating agreement. LLC's were created simplify governance as compared to regular corporations. The organizers/members of an LLC have broad discretion to define the control strucure. A single member LLC could establish an operating agremeent that provides for a board of directors. The operating agreement itself does not have to be provided to the state. The annual report must be filed by an authorized person. That person is typically a "member" or a "managing member". When the operating agreement is drafted, the person with authority and the title to make a filing should be identified.

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