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Stoel Rives LLP | USA | 24 May 2013

Kansas court enforces statutory indemnification and awards attorneys' fees in fiduciary duty lawsuit

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


Shook Hardy & Bacon LLP | USA | 6 Jun 2012

New Kansas income tax exemption provides tax planning opportunities

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.


Stoel Rives LLP | USA | 8 May 2012

Kansas authorizes series LLCs

Kansas recently became the latest state to authorize series limited liability companies.


Porter Wright Morris & Arthur LLP | USA | 9 Dec 2011

Charging order protection for multi-member and single-member LLCs

In the course of their business, bankers routinely encounter single-member limited liability companies ("SMLLCs"), entities commonly used in real estate and small businesses.


Stoel Rives LLP | USA | 2 Dec 2011

Kansas court broadens charging order against single-member LLC

Judgment creditors of LLC members usually have the right under state law to obtain a charging order against a member’s LLC interest.


McDaniel & Park PC | USA | 22 Nov 2011

Canyon Creek Development LLC member fails to meet the capital call

Small business owners sometimes run into difficulties with their business partners after much time has passed since they first set up the business.


Stoel Rives LLP | USA | 13 Oct 2011

Kansas court limits the remedy when LLC member fails to contribute required capital

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.


Katten Muchin Rosenman LLP | USA | 22 Apr 2011

Kansas district court rejects "reverse alter ego" liability theory

Plaintiffs entered into a Funding Agreement with defendant Gary Hall that directed the parties to create lending entities to facilitate real estate investments.


Shook Hardy & Bacon LLP | USA | 8 Oct 2010

Class action filed against POM Wonderful for consumer fraud

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.


Stoel Rives LLP | USA | 16 Jul 2010

Kansas applies Delaware law - assignee of LLC interest is not automatically admitted as a member

LLC members have the right to receive allocations of profits, losses, and distributions (economic rights) and to participate in the LLC's management.

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