The Kansas LLC Act requires an LLC to indemnify its members or managers, in some cases, for their attorneys' fees to the extent they are successful
The Kansas Legislature recently enacted legislation that exempts from the Kansas income tax all non-wage business income that would otherwise be reportable on Kansas income tax returns filed by individuals.
Kansas recently became the latest state to authorize series limited liability companies.
In the course of their business, bankers routinely encounter single-member limited liability companies ("SMLLCs"), entities commonly used in real estate and small businesses.
Judgment creditors of LLC members usually have the right under state law to obtain a charging order against a member’s LLC interest.
Small business owners sometimes run into difficulties with their business partners after much time has passed since they first set up the business.
It’s not uncommon in today’s struggling economy for an LLC member to find itself unable or unwilling to satisfy the LLC’s capital calls.
Plaintiffs entered into a Funding Agreement with defendant Gary Hall that directed the parties to create lending entities to facilitate real estate investments.
A Kansas resident has filed a putative class action in state court against POM Wonderful, LLC, alleging that the company's claims that its pomegranate products have special health benefits are false, deceptive and misleading.
LLC members have the right to receive allocations of profits, losses, and distributions (economic rights) and to participate in the LLC's management.