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You’ve decided to take the plunge and become a business owner. Congratulations! The next step is to register your business with the state of Kansas.
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Naming Your Business
Choosing a name for your business is an important first step in the business registration process. The name you choose will be used on all of your business documents and correspondences, and it will be the first thing customers see when they look for your business. You’ll want to choose a name that is easy to remember and represents the products or services you offer.
Choosing a business name
Choosing a business name is an important step in the process of registering your business. The name you choose will be used on all of your marketing materials, contracts, and legal documents, so it’s important to choose a name that is both professional and reflective of your business.
There are a few things to keep in mind when choosing a business name:
– Make sure the name is not already in use by another business. You can search the Kansas Secretary of State website to see if your desired name is available.
– The name should be easy to spell and pronounce.
– The name should be reflective of the products or services you offer.
– Avoid using common phrases or words that could be confused with other businesses.
Once you have chosen a name for your business, you will need to register it with the Kansas Secretary of State’s office. This can be done online or by mail.
Registering your business name
You’ve chosen the perfect name for your business. Now it’s time to make it official by registering with the state of Kansas.
The first step is to search the Kansas Secretary of State’s office website to make sure no other business has already registered your chosen name. You can do a search of business names by clicking on the Business Filings & Licensing link, then choosing Name Search from the drop-down menu.
If your chosen name is available, you can register it by completing and submitting the Certificate of Assumed Name form, which you can find on the Secretary of State’s website. The filing fee is $25.
Once you’ve registered your business name, you can apply for a federal tax ID number, also known as an Employer Identification Number (EIN). This is a nine-digit number that businesses use for tax purposes. You can apply for an EIN online through the IRS website.
Now that you’ve registered your business name and obtained an EIN, you’re ready to start operating your business in Kansas!
Registering Your Business
Before you can start any business venture, you need to register your business with the state of Kansas. You can do this by filling out a simple form and paying a small registration fee. After your business is registered, you will be able to obtain a business license and start operating your business.
Filing requirements
The first step in starting any business is to select the appropriate business entity. The type of business entity you select will determine what kind of tax return form you have to file. The most common types of business entities are the sole proprietorship, partnership, limited liability company (LLC), and corporation.
Sole Proprietorship: A sole proprietorship is one individual or married couple in business alone. Sole proprietorships are by far the most common form of business structure. This structure is favored because it is simple to set up and operate, and there are usually no corporate taxes to pay. However, the sole proprietor is personally liable for all debts incurred by the business.
Partnership: A partnership is similar to a sole proprietorship except that there are two or more people involved. Partnerships come in two forms: general partnerships and limited partnerships. In a general partnership, all partners are personally liable for the debts of the partnership. In a limited partnership, there is at least one general partner who manages the partnership and who is personally liable for the debts of the partnership, and there are one or more limited partners who invest in the partnership but who are not liable for its debts.
Limited Liability Company (LLC): An LLC is a hybrid legal entity that combines aspects of both a corporation and a partnership/sole proprietorship. Like a corporation, an LLC shields its owners from personal liability for business debts and claims. Like asole proprietorship or partnership, an LLC has pass-through taxation—the profits and losses of an LLC “pass through” to its owners, who report them on their personal income tax returns
Applying for a Kansas business license
You must apply for a Kansas business license from the Office of the Secretary of State if you want to register your business in Kansas. The Business Filings Division will review your application and if it is approved, will issue you a Kansas business license. You can apply for a Kansas business license online or by mail.
To apply for a Kansas business license online, you will need to provide:
-Your business name
-Your contact information
-The type of business you are registering
-The county in which your business is located
-The length of time your business will be operating in Kansas
To apply for a Kansas business license by mail, you will need to provide:
-A completed Business License Application
-A $40 filing fee
-A $10 registration fee (if registering as a foreign corporation)
Mail your completed application, filing fee, and registration fee (if applicable) to:
Secretary of State – Business Filings Division
Memorial Hall, 1st Floor
120 SW 10th Avenue
Topeka, KS 66612
Taxes
To register your business in Kansas, you must first decide which legal structure is best for your company. The most common business structures are sole proprietorships, limited liability companies (LLCs), and corporations. Each type of business has different tax implications. Once you have chosen your business structure, you will need to obtain a business license from the city or county in which your business will be located.
Kansas state taxes
You will need to register your business with the Kansas Department of Revenue (DOR). You will need to file for a Kansas Business Tax Application (K-5400), which is used to report your state taxes. The tax application can be filed online or mailed in. The filing fee for the K-5400 is $25.
If you are purchasing an existing business, you will need to file a Business Franchise Tax Return (K-120), which is used to report your state taxes. The tax return can be filed online or mailed in. The filing fee for the K-120 is $25.
Additional Resources:
https://www.ksrevenue.org/index.html
https://www.kstax.org/index.html
Federal taxes
When you start a business, you need to register with the IRS for an employer identification number (EIN). You will use this number to file your business taxes. You will also need to decide what type of business entity you have in order to determine what taxes you will need to pay. The most common types of business entities are sole proprietorships, partnerships, limited liability companies (LLCs), and corporations.
Sole proprietorships are the most common type of business entity in the United States. If you are a sole proprietor, you will need to file a personal tax return (Form 1040) and a Schedule C (Profit or Loss From Business) with your federal tax return. You will also be responsible for paying self-employment tax, which is Social Security and Medicare tax for individuals who are self-employed.
Partnerships are similar to sole proprietorships in that the partners will file a personal tax return and a Schedule C with their federal tax return. However, partnerships are also required to file a partnership tax return (Form 1065) with the IRS. Partnerships are not subject to self-employment tax; instead, each partner will pay taxes on their share of the partnership income.
LLCs are businesses that have limited liability for their owners. LLCs can be owned by one or more individuals or by another business entity. LLCs can choose to be taxed as a sole proprietorship, partnership, or corporation. If an LLC is taxed as a sole proprietorship or partnership, the owners will file a personal tax return and a Schedule C with their federal tax return. If an LLC is taxed as a corporation, the LLC will file a corporate tax return (Form 1120) with the IRS.
Corporations are businesses that have been formed as separate legal entities from their owners. Corporations can be either regular corporations (also known as C corporations) or S corporations (a type of small business corporation). Corporations are required to file a corporate tax return (Form 1120) with the IRS every year. Corporations may also be subject to state corporate income taxes in addition to federal corporate income taxes.
Insurance
When you form a Kansas business entity, you may need to purchase Kansas business insurance. You may need general liability insurance, professional liability insurance, workers’ compensation insurance, or all three. You may also need to purchase Kansas business insurance if you have employees.
Kansas workers’ compensation insurance
Workers’ compensation insurance is a type of insurance that provides benefits to employees who are injured or become ill as a result of their job. Workers’ compensation insurance is required in most states, including Kansas.
If you have employees in Kansas, you must have workers’ compensation insurance. You can get workers’ compensation insurance from an insurance company, or you may be eligible to self-insure.
If you are self-employed, you are not required to have workers’ compensation insurance in Kansas.
Kansas unemployment insurance
In order to receive unemployment insurance benefits, you must file a claim with the Department of Labor’s Division of Employment and Training (DET). You may file your initial claim:
– Online
– By telephone: DOL Wichita local office at (316)383-9947
– At any Kansas Works office
You should file your initial claim as soon as you become unemployed. You will be asked to provide information about your past employment, the reason you are no longer employed, whether you are able and available for work, and your current job search activities.
Employer Identification Number
You need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) before you can register your business with the State of Kansas. You can apply for an EIN online, by fax, or by mail. If you are a sole proprietor, you can get your EIN for free.
Applying for an EIN
You may apply for an Employer Identification Number (EIN) online if your principal business is located in the United States or U.S. Territories. The person applying online must have a valid Taxpayer Identification Number (SSN, ITIN, EIN).
Online EIN applications are available for all entities whose principal office is located in the United States or U.S. Territories. Before you begin, make sure you have all the required information and documents handy. You will need:
-The legal name, mailing address and physical location of your business
-A list of all the Directors or Partners, including their individual mailing addresses and SSNs or Employer Identification Numbers (EINs)
-The name, address and SSN or EIN of your authorized representative
Business Banking
Whether you’re opening a new business or have an existing one, you want to find the right banking relationship to help your business grow. To get started, you’ll need to know how to register your business in Kansas. This process is relatively simple and can be done online or in person. Let’s take a look at the steps you’ll need to take.
Opening a business bank account
You will need to open a business bank account so that you can keep your business finances separate from your personal finances. This will make it easier for you to track your expenses and income, and to prepare your financial statements.
To open a business bank account, you will need to have the following documentation:
-Your business registration documents
-Your Articles of Incorporation or Partnership Agreement
-Your Employer Identification Number (EIN)
-Your driver’s license or passport
-A voided check from your personal bank account
Operating Agreement
Before you form your LLC, you will need to agree upon the business purpose, ownership structure, and member duties and responsibilities. This Agreement is between the LLC’s initial members and sets forth these important details. You do not have to file your Operating Agreement with the state, but we recommend that you keep it in your LLC’s corporate records.
Creating an operating agreement
An operating agreement is an internal legal document outlining the ownership and operating procedures of an LLC.3 min read
Creating an operating agreement is not required in every state, but it is highly recommended. Even if it’s not required, having one in place can save you a lot of headache down the road by preventing misunderstandings between you and your co-owners about the LLC’s purpose, ownership structure, and operations.
An LLC operating agreement typically includes:
– The names of the LLC’s members
– The contributions each member has made to the LLC
– How profits and losses will be distributed among the members
– Procedures for adding or removing members
– What will happen to the LLC if a member dies or decides to leave
– Rules for how decisions will be made about the LLC’s business affairs
– The duties and powers of the LLC’s managers (if any)
Registering your business in Kansas
To register your business in Kansas, you’ll need to choose a business structure and then file the appropriate paperwork with the Kansas Secretary of State’s office. Depending upon the business structure you choose, you may also need to file additional paperwork with other state agencies.
The most common business structures chosen by Kansas businesses are sole proprietorships, limited liability companies (LLCs), and corporations. The table below provides an overview of these business structures, as well as the filing requirements for each.
Business Structure
Filing Requirements
Sole Proprietorship
• Business name registration (if doing business under a name other than your own)
• Obtain any required licenses and permits
LLC
• Articles of organization
• Operating agreement
• EIN
Corporation
• Articles of incorporation
• Bylaws
• EIN
Kansas Business Permits
Opening a new business is an exciting time! But before you can open your doors, you’ll need to take care of a few things first, like getting your business registered with the state of Kansas. This process is actually pretty simple, and in this article, we’ll walk you through everything you need to do to get your business registered and up and running.
Kansas business permits and licenses
If you want to start a business in Kansas, you will need to obtain the appropriate permits and licenses from the state. Depending on the type of business you are starting, you may need to obtain a general business license, as well as specific licenses for your industry. You can find out more about the specific licenses and permits you will need by contacting the Kansas Department of Commerce.
