Kansas Business Facts
Kansas is known to be the breadbasket of the United State. Recently, Kansas has made changes to its unemployment insurance policies to promote economic development. The state has transformed laborers pay laws in the course of recent years to guarantee that they are even-handed and reasonable for all groups. Kansas is additionally a right-to-work state, with association participation at around 6.8 percent, well beneath the national standard. Kansas is one of the few states to restrict necessary association enrollment through the constitution as opposed to state statute.
Major Companies Headquartered in Kansas
Kansas is the headquarters of many major companies including Koch Industries, Butler Transport, Inc., Dillons Supermarkets, YRC Worldwide, and Sprint.
Kansas recently ranked 5th in America for being Pro-Business. It also ranked 10th for its infrastructure, workforce, education, as well as cost of living. It has various public schools and colleges, airports, and great roads. Kansas continuously improves its transportation. Eligible new employers who launch their operations after July 1, 2014, are qualified for the new unemployment insurance contribution rate of 2.7 percent. On the other hand, if the business moves to Kansas from another state, the business may pay the Kansas rate comparing with the business’ earned involvement from the past state rather than the standard 2.7 percent.
There are 3 basic options: a Corporation, LLC or DBA. Click here to learn more about business entities.
Choosing a business name is easier said than done – many legal and business problems can arise from picking the wrong name (you can always change it later but the less times you have to do that the better). In Step 3 we’ll show you how to search for the name in Kansas, but we highly recommend you do the following before searching Kansas state databases:
Note: Familiarize yourself with the Kansas naming guidelines. LLC entity names need to contain the words Limited Liability Company or the abbreviation LLC, and certain words are restricted or prohibited.
Restrictions on Kansas Business Name & Business Purpose
The state requires that the business name should be unique. Names of business entities that have been cancelled or forfeited remain unavailable for one year.
Each state has its own requirements for registering a business. Now that you’ve chosen a business structure and selected your business name, here are the requirements to register your business in Kansas.
How to form an LLC in Kansas
How to Incorporate in Kansas
Note: When registering a new company the Secretary of State can take several weeks to file the paperwork. You can expedite the process by hand delivering the documents directly to them or one of their field offices and paying an additional fee.
TIP: Check our order form to see how long Kansas is currently taking to process regular and expedited orders.
Considerations when incorporating or forming an LLC in Kansas
How to File a DBA in Kansas
Considerations when registering a Kansas business
Ready to register a business in Kansas?
To keep business and personal expenses separate, you should open a separate account for your business. In addition, getting business credit cards is how you begin to build a company credit profile (corporation or LLC required) and can later qualify for larger loans and lines of credit. To open the account simply call your chosen bank and inquire on the steps to open a business bank account. Typically you’ll need a) your filed paperwork b) your EIN c) a company resolution authorizing your company to open the account (signed by the owners, members, officers or directors, etc.).
Top 5 Major Banks in Kansas
TIP: Our business formation service includes a free banking resolution for your use.
Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).
TIP: We work with a company that can obtain and prepare business licenses and permits for you. Click here to learn more.
DBA: Your Fictitious Business Name should be valid for 5 years at which point you’ll need to renew it with the county.
LLC: Kansas corporations are required to file a Periodic Report with the Kansas Secretary of State each year on or before April 15 following the end of the taxable year, in addition to general taxation. Information on your business’s taxes can be found here.
Corporation: Business in Kansas should file a report annually with the Secretary of State of Kansas on or before April 15 following the end of the taxable year. LLCs and Corporations will pay a filing cost of $50.
Kansas Secretary of State
Business Services Filing Center (for Corporation and LLC filings)
Memorial Hall, 1st Floor
120 SW 10th Avenue
Topeka, KS 66612-1594
Kansas Taxation Departments
Kansas Labor and Employment Departments
Kansas Startup Resources
1. Small Business Administration (SBA) Kansas District Offices
2. SCORE Kansas
3. Kansas Legal Statutes
5. 24/7 Missouri
6. Angel.co Kansas Startups
7. Kansas Business News
9. Kansas Small Business Association
10. Bridging the Gap
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Excellent in all aspects. Perfect for new business owners with limited resources but wants to start it off right.