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If you’re thinking about starting an LLC in Kansas, there are a few things you need to know. We’ve got all the info you need to get started.
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Introduction
An LLC, or limited liability company, is a business structure that combines the features of a corporation and a partnership. LLCs are popular because they offer limited personal liability for owners, or “members,” and flexible management structures. You can organize an LLC in Kansas by filing the proper paperwork with the state government.
Kansas law requires that LLCs have at least one member. You’ll need to choose a name for your LLC and file articles of organization with the Kansas Secretary of State. You must also appoint a registered agent for your LLC who agrees to accept legal documents on behalf of the company. Once you’ve filed your paperwork and paid the filing fee, your LLC will be officially recognized by the state of Kansas.
To keep your LLC in good standing, you’ll need to file an annual report with the Secretary of State’s office and pay an annual registration fee. You should also create an operating agreement that outlines how your LLC will be managed and sets forth the rights and responsibilities of each member. Although not required by Kansas law, having an operating agreement can help prevent disputes among members down the road.
Steps for Forming an LLC in Kansas
In order to form an LLC in Kansas, there are a few steps that need to be taken. First, you need to choose a name for your LLC and make sure that it is available. You will also need to file the Articles of Organization with the Secretary of State and pay the filing fee. Lastly, you will need to create an Operating Agreement.
Choose a business name
Your LLC’s name must comply with Kansas state guidelines.
Here are some naming tips to get you started:
-Your LLC name must contain the phrase “Limited Liability Company” or the abbreviation “LLC.”
-Your LLC name cannot contain words that could be confused with government agencies such as FBI, Internal Revenue Service, State Department, etc.
-You may reserve your LLC name with the Kansas Secretary of State office by filing a Name Reservation form. The reservation is valid for 120 days and can be renewed for additional 120 day periods.
File a Certificate of Formation
You must file a Certificate of Formation with the Kansas Secretary of State to form an LLC in Kansas. The certificate must include:
-The LLC’s name and address
-The LLC’s registered agent and address
-The LLC’s duration (if not perpetual)
-Whether the LLC will be managed by members or managers
-The names and addresses of the LLC’s organizers
You can file online, by mail, or in person. The filing fee is $165.
Appoint a registered agent
Before you form your LLC, you need to appoint a registered agent in Kansas. A registered agent is an individual or business that agrees to accept legal documents and correspondence on behalf of your LLC.
There are several requirements that your registered agent must meet:
– Must be a Kansas resident
– Must have a physical street address in Kansas
– Must be available during normal business hours
If you’re forming a one-member LLC, you can act as your own registered agent. But keep in mind that if you do this, your home address will be public record.
If you don’t want your home address listed on the public record, you can appoint a professional registered agent service. This is a good option for out-of-state LLC owners, or if you want to keep your personal information private for any other reason.
Create an operating agreement
An LLC operating agreement is not required in Kansas, but we recommend having one.3 min read
An LLC operating agreement is not required in Kansas, but we recommend having one. The operating agreement sets out the rules for how your LLC will be governed and will help keep your personal and business assets separate.
To create an operating agreement, start by deciding on the following:
-the name of your LLC and its purpose
-the names and addresses of the members (owners) of your LLC
-how profits and losses will be distributed among the members
-the procedure for adding or removing members
-how decisions will be made about the business
-the roles and responsibilities of each member
Once you have decided on these details, you can draft your own operating agreement or use a template. Once the agreement is signed by all members, it should be kept in a safe place with other important business documents.
Get an EIN
The first step in starting an LLC in Kansas is to obtain an EIN from the IRS. This is a simple process that can be done online, and you will need this number to open a business bank account and file your taxes.
Once you have your EIN, you will need to file the Articles of Organization with the Kansas Secretary of State. This can be done online or by mail, and you will need to include the following information:
-The name of your LLC
-The address of your LLC
-The names and addresses of the members of your LLC
-The name and address of your registered agent
-The purpose of your LLC
-The signatures of the members of your LLC
After your Articles of Organization have been filed, you will need to create an Operating Agreement. This document lays out the ownership structure, rights and responsibilities of the members, and how the LLC will be managed. Once you have created this document, you will need to file it with the Kansas Secretary of State.
You are now ready to start doing business as an LLC in Kansas!
Conclusion
Now that you know the steps to take to start an LLC in Kansas, you’re well on your way to getting your business up and running. Remember to stay compliant with state requirements and keep accurate records of your business finances and activities.
Forming an LLC is a great way to protect your personal assets and give your business a professional image. With an LLC, you can also take advantage of tax benefits and flexibility in management structure. If you’re ready to get started, follow the steps outlined in this article and you’ll be on your way to starting your Kansas LLC in no time.
