Kansas Business Facts
Kansas is known as the breadbasket of the United States. In 2018, the SBA reported there were 251,985 small businesses operating in the state. Recently, Kansas has made changes to its unemployment insurance policies to promote economic development. Labor pay laws have been updated in recent years to guarantee even-handed and reasonable pay for all groups. Kansas is additionally a right-to-work state, with association participation at around 6.8 percent, well beneath the national standard. The Sunflower State is one of few states to restrict necessary association enrollment through the constitution as opposed to state statute.
Major Companies Headquartered in Kansas
Some of Kansas’ largest companies are Koch Industries, Butler Transport, Dillons Supermarkets, Synergy Group and AMC Theatres. Sprint, NPC International, and YRC Companies are also among the state’s leaders in business and employment.
Kansas recently ranked 5th in America for being Pro-Business. It also ranked 10th for its infrastructure, workforce, education, as well as the 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 compared with the business’ earned involvement from the past state rather than the standard 2.7 percent.
There are 3 basic options: a DBA, a Corporation, or an LLC. 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 fewer 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:
TIP: Search misspellings, plurals, variations of spelling, sound-alikes, and other versions of your chosen name to be sure it’s not already registered.
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 canceled 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
How to File a DBA 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.
Considerations when incorporating or forming an LLC in Kansas
TIP: Check our order form to see how long Kansas is currently taking to process regular and expedited orders.
How to File a Name Registration in Kansas
Considerations when registering a Kansas business
Sure, you could do all the steps above or you could spend 5-10 minutes on our order form and let us take care of it while you work on more important things.
Your EIN is like your Social Security Number for your company. It’s required for Corporations and LLCs and optional for DBA’s (if you don’t have any employees, then it’s required). However, if you are a DBA and don’t obtain an EIN you will be forced to use your Social Security Number on many documents so it’s typically recommended you obtain the EIN to prevent identity theft.
To obtain an EIN you can apply online with the IRS or via IRS Form SS-4.
TIP: We will obtain your EIN for you if we form your company.
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 about the steps to open a business bank account. Typically you’ll need a) your filed paperwork, b) your EIN, and 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
Click here to view a list of our recommended banks in our Vendor Network.
TIP: Our business formation service includes a free banking resolution for your use.
Setup your Accounting and Record-keeping system and learn about the taxes your new company is responsible for paying.
Company documents generally are required to be kept for 3 years, including a list of all owners and addresses, copies of all formation documents, financial statements, annual reports, amendments, or changes to the company. All Tax and Corporate Filings should be kept for at least 3 years. View our “Accounting & Financial Management” section for help with setting up an accounting system and purchasing accounting software.
Review our list of Accountants, Accounting Software, and Bookkeepers in our Vendor Network.
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.
If you intend to hire yourself or others as a full or part-time employee of your company, then you may have to register with the appropriate State Agencies or obtain Workers Compensation Insurance or Unemployment Insurance (or both). View our “Employees & Payroll” section for help with hiring employees and processing payroll.
Review our list of recommended Payroll Providers in our Vendor Network.
There are many types of insurance for businesses but they are usually packaged as “General Business Insurance” or a “Business Owner’s Policy”. This can cover everything from product liability to company vehicles. A decent policy can run as little as $300/year and offers a great extra level of protection.
Click here to view our list of insurance providers in our Vendor Network.
Prepare the business as if someone needed to take it over and run it for you. This means having a method to process orders, pay bills, pay employees, pay taxes, maintain your permits, etc. Basically, try to make the operational aspect of the business as automated and efficient as possible so you can concentrate on growing your business. View our “Manage Your Company” section for help with systemizing and automating your business.
Now that you’ve set up the company for success, you need to get the word out. Create a marketing plan for your products and services that targets your ideal customer. View our “Marketing & Sales” section for help for more information.
DBA: Kansas does not have DBA registration statutes.
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’ taxes can be found here.
Corporation: Businesses 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.
Click here to view our MyCompanyWorks Premium™ service which can automate most of your ongoing compliance tasks.
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
4. Kansas Chambers of Commerce
5. Kansas Angel Investors
6. Kansas Business News
7. Kansas Department of Commerce
8. Kansas Small Business Association
9. Bridging the Gap
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