How to Get an LLC in Kansas
Forming an LLC in Kansas is great way to set up your business. If you’re wondering how to form an LLC in Kansas, read on to learn the details. Our legal team is here to help at any point.
What Is an LLC?
An LLC stands for “limited liability company.” It’s one way of incorporating your business. We recommend an LLC because it’s the form of incorporation that gives you the strongest protection and the most flexibility.
Do You Need to Incorporate Your Kansas Business?
If you own a small or medium-sized business in Kansas, you should consider the many benefits of incorporating.
No matter how small your business is, it deserves the protection and the benefits that come from incorporating. You can start off with a strong safety net that grows along with your business.
Benefits of Incorporating Your Kansas Business
If you live in Kansas and operate a business there, getting an LLC in Kansas is the best way to give your business a strong start.
Protect Your Personal Assets
Incorporation as an LLC means that creditors can’t go after your personal assets. If you’re ever sued and forced to pay a judgment, the judgment can only be paid by your business assets. Your personal finances and your personal property won’t be touched.
An LLC means that your personal bank account, car, home and savings accounts can’t be used to pay a judgment.
Don’t take chances with your personal assets. Protect them with an LLC.
Run Your Business Your Way
Incorporating as an LLC gives you flexibility. You can name your partners or incorporate as a one-person LLC. When you set up as an S corporation or a C corporation, you must follow strict laws about how to run your business.
With an LLC, you can do it your way. You can choose how to set up your company and your management team. You get more flexibility when it comes to filing taxes.
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Build Credit for Your Business
With an LLC Kansas, you can begin establishing credit for your business. It’s a good idea to have a business credit line that’s separate from your personal credit line.
Once you have an LLC, you can open a business bank account, apply for loans and establish lines of credit as a business. It’s important to have access to credit if you’re a small business.
Transfer Your Business
If you ever want to transfer your business or sell it, it’s much easier to do if you’re incorporated. Transferring a sole proprietorship can be complicated, because your personal finances are combined with your business finances. Selling a sole proprietorship is almost impossible for those same reasons.
You may not think you ever want to sell or transfer your business, but you never know what might happen in the future. If that day ever comes, it will be easy to make the transition.
How to Form an LLC in Kansas
You can get all the forms and information you need from the Kansas Secretary of State’s website. You must first set up an online account with the website. That gives you access all the documents, information and business name search functions. It’s free to set up an account.
You can get help from the business center by calling 855-521-8600 or using the live support chat feature. The business center is open Monday-Friday 8:00 AM to 5:00 PM.
Steps to Your Kansas LLC Filing
You can file your paperwork online or by mail. You can also visit the Secretary of State office in person.
Step 1: Set Up Your Kansas Government Account
You must have an account at the Kansas Secretary of State website before you can use of any its functions.
Step 2: Make Sure Your Business Name Is Available
When you first get onto the Kansas government site, do a Kansas LLC search to make sure you’re not using a business name that someone else is using.
The Kansas site has a search function called Business Entity Search Station (BESS). Enter the name you plan to use into BESS. If someone else is using it, you’ll have to use a different name.
You can also reserve your business name so that someone else doesn’t use it before you can complete your paperwork. Use BESS to reserve a corporate name.
Step 3: Get an EIN for Your Business
You should get a new tax identification number (EIN) in your business name. This is like the social security number you now use for your personal tax returns.
A business EIN allows you to open a bank account in your business name. It allows customers to pay your business directly.
It also helps grow your company’s credit line. Once you have an EIN, you can use that EIN to apply for credit in your business name.
You can get an EIN directly from the IRS. The name of your business must include the “LLC” designation on your EIN application.
If you need help getting an EIN or completing any other paperwork, let us know. Our legal team handles these matters every day. We can save you time, stress and worry.
Step 4: Fill Out the Kansas LLC Forms
Fill your forms out carefully. Be sure to include:
- The name and address of a designated representative. This can be you, one of your partners or your attorney. A designated representative must have a Kansas street address.
- Members of the LLC. List every member of the LLC. Don’t forget that each named member will have legal and tax responsibility for the LLC. Only list people who are actively involved in the business.
- Business address. If your business address is separate from your home address, include that information.
If you need help with your Kansas LLC forms, contact our legal team. We do LLCs in Kansas every day. We can get yours done quickly.
Step 5: Request Certified Copies
The documents that you get from the secretary of state are called the Articles of Organization. You must request certified copies of your Articles of Organization.
You’ll need these to show proof that you have incorporated your business.
Step 6: Include an Operating Agreement
You should include an operating agreement LLC Kansas with your LLC package.
Why do you need an operating agreement? An operating agreement establishes the management and setup of your business.
It’s especially important if you’re a single-member LLC. An operating agreement shows that your corporation is a legally recognized corporation rather than a sole proprietorship.
What should be in an LLC operating agreement Kansas? It should list:
- The names of the members of the LLC.
- Names of the managers and their responsibilities.
- How you plan to divide profits and losses.
- An affirmation that the business accounts are separate from your personal accounts.
If you need help writing your LLC operating agreement Kansas, let our legal team know. They can draft it for you quickly and painlessly.
Step 7: Pay the Kansas LLC Fees
Once you have completed your forms, complete the process by paying the filing fees. You will receive your Articles of Organization by mail in about 10 business days.
Step 8: File a Kansas LLC Annual Report
Kansas requires an annual report from every corporation. Your annual report should include your profits, losses and plans for future growth.
There is a $50 fee due when you file the report. Our legal team can draft a Kansas LLC annual report that you can easily update each year.
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What Are the Fees for Forming an LLC in Kansas?
If you file online, the cost is $160. If you file in person at the Kansas Secretary of State office, the cost is $165.
Get Started on Your LLC Today
- An LLC protects your personal assets and your business.
- An LLC Kansas gives you filing flexibility at tax time.
- Forming an LLC in Kansas can be complicated. Our legal team can help. We can even get you expedited service if you need your documents quickly.
- Your LLC never needs to be updated. As your business grows, your LLC will retain the same level of protection.
Get Help With Your Kansas LLC
Are you feeling overwhelmed by all the details? With our help, you can get your LLC in Kansas quickly and with no stress. We just need a few details from you to get started. We’ll process your EIN application, your Kansas LLC forms and your operating agreement. Spend time working on your business while we take care of these details. In our next guide we will be discussing the how to start an llc in Kentucky.