Kansas City Mo Business License – Start your free trial today, then use these resources to guide you every step of the way.
Thinking of opening an LLC in Kansas? Our guide will start your new Kansas LLC in just 11 steps.
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This article is for informational purposes only. You are responsible for reviewing and using this information appropriately. This content does not contain and is not intended to provide legal, tax or business advice. Requirements are updated frequently and you should do your own research and consult with legal, tax and business advisors as necessary. Corporations outside of Kansas have different processes and requirements. To sell products using the Platform, you must comply with your company’s and customer’s laws, terms of service, acceptance policies and other applicable policies.
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Kansas has grown its national business profile in recent years. In 2021, the state had the highest economic investment per capita in the United States. It also had the best business climate in the geographic region, ahead of Nebraska, Missouri, Iowa, South Dakota, Minnesota and North Dakota. The state has affordable housing, open space, and nationally renowned research universities that complement its talent pool. This has led to many startups choosing Kansas as their home, often in LLC form.
A limited liability company, known by the abbreviation LLC, is a common type of business in the United States. LLCs offer personal protection to owners, meaning that their personal assets are not at risk in the event of a legal claim against the organization. As an entrepreneur, you can form a single-member LLC with a single owner or a multi-member LLC with unlimited owners.
LLCs are taxed as pass-through entities, meaning that LLC owners report the profits (or losses) of the business on their individual tax returns. Therefore, their income is taxed at individual rates.
There are many advantages to owning and operating an LLC that can benefit your new business in Kansas. LLCs offer simplicity, tax flexibility and personal asset protection. Two main selling points of the LLP company structure:
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You can give your Kansas LLC two different names. The first is the legal name that is registered with the state and the Internal Revenue Service. The second title, if you will, is DBA (“business administration”). The DBA is the name by which your LLC is known to the public. Our company name guide further explains your options. Once names are known, they must be registered with the Kansas Secretary of State. Like this:
A business plan is a document that outlines your company’s mission statement, key organizational goals, organizational structure, flow chart, key market analysis, projected revenue, and goal criteria. in success. When you write a business plan, you describe the potential of your business and how it works, i.e. your employees, sales, marketing, logistics, etc. What do you think? You can browse our library of sample business plans to see what real business plans look like. You can also use our free templates when creating your own business plan.
Your Kansas LLC needs a federal Employer Identification Number (EIN), which serves as your federal tax number. You can get a free EIN from the Internal Revenue Service. Once you get a federal EIN, you will receive a business tax permit from the Kansas Department of Revenue. This allows you to sell legally in the state.
To officially form an LLC in Kansas, submit articles of organization through the Kansas Business Entity Formation Portal on the Kansas Secretary of State’s website. You can also download the DL 51-09 form and submit it. If you are forming a professional LLC (one dedicated to practicing a licensed profession, such as medicine, dentistry, or law), you will file Form DL 51-22. specifically for Professional LLCs (PLLCs). The entry fee for each form is $165.
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If your LLC already exists in another state, Kansas law defines it as a “foreign party.” Foreign corporations doing business in Kansas must register with the state using Form FA. The fee is $165. If you are forming a new LLC in Kansas or registering a foreign LLC in the state, be prepared to make sure that:
Kansas law requires all LLCs to appoint a resident agent (often known as a registered agent) who can receive legal documents and tax returns on the company’s behalf. You or one of the members of the LLC can act as a resident agent if you or they live in the state and have a mailing address (not a PO Box) and can receive documents- letter during regular business hours. If none of your members live in Kansas or if none of them want to handle the duties of a resident agent, you can hire a professional registration agent.
The state of Kansas and its counties and cities are subject to licensing requirements for many occupations. These jobs range from internal medicine to propane storage. Some licenses are issued at the state level, while others are issued at the county or city level. The state maintains a website that helps business owners find licenses and permits appropriate for their operations.
Your Kansas LLC transfers profits and losses to the business owners. These owners report it on the federal tax return they file with the Internal Revenue Service. Other Kansas taxes and fees related to this tax statute include:
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Kansas does not mandate operating agreements for LLCs, but most LLC owners choose to do so. A Kansas LLC operating agreement will help you and your co-owners manage your newly formed business. It includes high-level information about the company’s membership groups, their goals, financial arrangements and lifespan. A typical employment contract includes:
The LLC’s business structure protects the owners’ assets in the event of a lawsuit against the business. However, LLC business assets require their own protection. A well-chosen business insurance policy can handle this type of asset protection, allowing you to operate without fear of losing your company’s money and assets. Kansas law requires certain types of insurance, such as workers’ compensation insurance for employers and commercial auto insurance for anyone who owns a commercial vehicle (such as a truck or food truck). Other insurance policies are not provided by the government, but may be required as a condition of obtaining a loan or leasing a commercial property.
Your new business needs to be able to get cash easily, issue invoices, post invoices and receive payments from lenders. You do this through a business bank account at a commercial bank or credit union. Get your federal EIN before setting up your account.
If your LLC is looking to take advantage of special investment, gift and tax incentives, the Kansas Business Center is one stop to check out. This resource focuses on credit and credit assistance, with an emphasis on agriculture. At the federal level, the US Small Business Administration offers small loans and connects LLC owners with a variety of financing sources. The SBA has an office in Kansas City, Missouri, serving counties in eastern Kansas. It has another office in Wichita that serves the rest of the state. You can also check out merchant support services like Capital. These services connect business owners with business lenders and investors.
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Once you’ve filed your Kansas LLC articles of incorporation, have an EIN and tax certificate, opened a business bank account, and purchased a valid insurance policy, you can focus on marketing and branding. A holistic marketing strategy includes creating a clear and unified slogan and logo, color scheme, logos, fonts and marketing voice. Possible marketing methods include:
For more information on the art of marketing, check out our small business marketing guide. Another source of information to build an audience, convert customers and maintain long-term customer relationships.
The cost of starting a Kansas LLC includes $30 for maintaining the LLC name and $165 for articles of organization (or creating a foreign LLC in Kansas). To stay in good standing, the LLC must file an annual report, which costs $50 to file online or $55 by mail.
Kansas is known for its strong agricultural sector, abundant land and low cost of living. The government is proud of creating a cooperative environment. Disadvantages of Kansas include its relatively small population and lack of a large metropolitan area.
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Yes. All Kansas LLCs must appoint a registered agent (known in Kansas as a resident agent) with a physical address in the state. Your LLC can choose one of its members as a resident employee. You can also delegate your duties to a registered professional office in your state.
By default, the LLC’s income passes through the corporation to each member. These are the members of the LLP
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