One of the initial actions you must do when starting a business in Kansas is to register it with the government. Depending on the sort of business structure you choose to establish, there are a number of processes and costs involved in registering a business in Kansas. The price and requirements for registering a business in Kansas will be covered in this article.
A sole proprietorship is the simplest and most popular type of business structure. You must register your business name with the Kansas Secretary of State’s office in order to establish a sole proprietorship in Kansas. The registration process can be finished online, and the cost is $35. Kansas-based Limited Liability Company (LLC)
You must submit articles of incorporation to the Kansas Secretary of State’s office in order to create an LLC there. Articles of incorporation filing costs $165. You must also designate a registered agent for your LLC. A registered agent is a person or organization chosen to receive court papers for your LLC, such as lawsuits and subpoenas. A registered agent service that charges a fee can be appointed by you or by yourself.
Yes, a single person may hold an LLC. This type of LLC has only one member. The filing requirements and costs for a single-member LLC in Kansas are the same as those for multi-member LLCs.
The IRS issues a unique nine-digit number called an EIN (Employer Identification Number) to identify your business for tax purposes. You need to get an EIN if your LLC has more than one member or if you hire staff. However, you are exempt from obtaining an EIN if your LLC just has one member and no employees. Your Social Security number is usable for tax purposes.
In conclusion, the type of business structure you select will affect how much it costs to register a business in Kansas. The registration price for a sole proprietorship is $35. The filing fee for articles of organization for an LLC is $165, and a registered agent must be chosen. Additionally, you need to get an EIN if you have workers or more than one member. It’s crucial to seek advice from a business lawyer or accountant to make sure you adhere to all legal and tax regulations for your Kansas-based company.