Kansas Resolution of Meeting of LLC Members to Sell or Transfer Stock

State:
Multi-State
Control #:
US-243LLC
Format:
Word; 
Rich Text
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Description

This form is a resolution of meeting of LLC Members to sell or transfer stock.

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FAQ

To make any changes, the LLC must file articles of amendmentalso sometimes called a certificate of amendment or a certificate of changewith the state. The articles of amendment document is easy to prepare. Information typically required includes: the business name as it appears on the articles of organization.

LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners).

To amend you Kansas articles of incorporation, you can file by mail, fax, or online. To amend your Kansas articles of incorporation online, visit the Kansas.gov Business Center website. You get there by going to the SOS website and clicking on Business Filing Center. Then you can choose to file the amendment.

You are not required to file bylaws with the Secretary of State, but the corporation should keep a copy at its principal place a business.

What are Corporate Bylaws? Corporate Bylaws are a set of written rules used by a corporation to organize its internal management. Company bylaws also outline the policies and responsibilities for the shareholders, directors, and officers of a corporation.

You can amend your Kansas articles of organization by filing electronically on the Kansas.gov Business Center website. You can get there by going to the SOS website and clicking on Business Filing Center link. Then you can choose to file the amendment.

They use bylaws to communicate organizational rules so internal disputes and conflict can be avoided. Organizations also use bylaws to educate incoming directors and officers, and managers refer to bylaws so meetings and elections of the company run smoothly.

Kansas does not require bylaws to be written or filed with the state. However, it's good practice, regardless of the state requirement. Bylaws help protect all involved.

In most states, corporations must maintain bylaws. Because of this, and because they are important in a corporation's organization, the board of directors often draft them at the time of founding. Unlike articles of incorporation, though, bylaws are not public and do not need to be filed with the Secretary of State.

You can't simply gift an interest in profits. If the LLC were to distribute its assets, the LLC operating agreement must provide for the donee to receive a share of the assets on dissolution or if the donee withdraws from the LLC. If the donor provides services to the LLC, she must be reasonably compensated.

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Kansas Resolution of Meeting of LLC Members to Sell or Transfer Stock