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To elect Corporation status, the LLC must file IRS Form 8832 - Entity Classification Election. To elect S Corporation status, the LLC must file IRS Form 2553 - Election by a Small Business Corporation.
An S corp operating agreement is a business entity managing document. Typically, an operating agreement is a document that defines how a limited liability company will be managed. An S corp actually uses corporate bylaws and articles of incorporation for the purpose of organizing the business operation.
A Kansas LLC operating agreement is a legal document that may be utilized by companies of all sizes, to establish businesses, member relationships (multi-member entities), standard operating procedures, company policies, and many other aspects of a business.
Kansas does not require LLCs to have operating agreements, but it is highly advisable to have one. An operating agreement will help protect your limited liability status, prevent financial and managerial misunderstandings, and ensure that you decide on the rules governing your business instead of state law by default.
You can start an S corporation (S corp) in Kansas by forming a limited liability company (LLC) or a corporation, and then electing S corp status from the IRS when you apply for your EIN. An S corp is an IRS tax classification, not a business structure. The S corp status is used to reduce a business's tax burden.