Incorporate In Kansas

Kansas is not only known for the “Wizard of Oz,” but also for its oil and natural gas production, which ranks it the 8th US largest producer.

The state’s economy is also influenced by the aerospace industry. The rich history and culture of Kansas attract many visitors annually and make this state popular for incorporation.

Benefits of incorporating in Kansas:

Protection of personal assets

When incorporating in Kansas, foreign entrepreneurs should feel confident knowing that their personal assets are protected. Corporations and limited liability companies separate the assets and liabilities of companies from the personal assets of the business owner.

Enhanced credibility

Whether starting a new business or incorporating an existing one, incorporation makes a business appear more credible to potential customers, suppliers and investors. You also have the security of operating under US law.

Ability to Open a Bank Account

In many instances, forming a company is the first step for a non US resident to open a bank account. A US bank account gives businesses access to a debit card, and the potential to open a merchant service account. Internet commerce is made much easier with a US bank account because companies like PayPal, Amazon and EBay considers you more qualified as a vendor.

Your corporate name can boost your brand

Kansas requires that a C corporation or an LLC must not have a name that is the same or could be confused with a business already in existence. To make sure your business name is eligible Inc. Plan can help you select a unique C corp or LLC name. A distinctive corporate name enhances your company’s reputation and also helps protect the identity of your brand.

Tax flexibility and benefits

In Kansas, the type of legal structure you choose determines the nature of the charges your incorporation will be subject to. C corps must pay a franchise tax and a corporate tax based on business income. Taxes on LLCs are assessed based on its members’ personal income.

Residency Requirements

Kansas does not have any residency requirements. Owners and directors do not need to live in state to legally operate a Kansas company. However, before your firm is legally eligible to operate, make sure you possess all the required business licenses, permits, and tax registrations. Inc. Plan can help you stay in compliance with state law.

Other incorporating requirements

C-Corps and LLCs must have at least one member/owner.

Requirements for forming an LLC in Kansas:

When forming a Limited Liability Company certain steps must be taken to keep the business in compliance with Kansas law on an ongoing basis.

Name requirements for LLCs

LLCs must contain the terms “Limited Liability Company”, “Limited Company” or the abbreviations “LC”, “L.C.”, “LLC” and “L.L.C.”. In order to be eligible, the name must not easily be confused with any other corporate name appearing in the records of the Kansas Secretary of State.

LLC filing requirements

If you decide to form an LLC in Kansas, you must file a formation document called Articles of Organization. Additionally, Kansas LLCs must file an annual report due on the 15th day of the fourth month after the close of the taxable year.

Required information for the Articles of Organization

The Articles of Organization must contain the name and address of a registered agent who resides in Kansas, and who is available to manage legal and tax business documentation. For more help with the incorporation filing or for registered agent services please contact Inc. Plan (USA).

LLC taxes and fees

Kansas LLCs are assessed taxes based on its members’ adjusted gross income. However, LLCs can choose to be taxed either as partnerships or as C Corporations, for state tax purposes. LLCs that elect to be taxed as C corps or partnerships will be subjected to a franchise tax. The state also requires an EIN for Limited Liability Companies that hire employees.

Requirements for forming a C corporation in Kansas:

Each of the 50 American states has its requirements for incorporating. The essential requirements for C corporations established in Kansas are as follow:

Name requirements for C corporations

Kansas allows organization names that include the terms “Company”, “Corporation”, “Incorporated”, “Limited”, along with their abbreviations. Also, incorporation names can contain the words “Institute”, “Association”, “Society”, “Union”, “Syndicate”, “Church” or “College”.

Filing requirements in Kansas

In order to form a C corporation in Kansas, entrepreneurs must file Articles of Incorporation with the state. Kansas law also requires corporations file an annual report due on the 15th day of the fourth month after the close of the taxable year.

Required information for the Article of Incorporation

The Articles of Incorporation must list the company’s authorized shares and par value, as well as the name and address of a registered agent with a physical Kansas address. Inc. Plan (USA) can help you with the necessary filings and also provide qualified registered agent service.

Taxes and fees requirements

Domestic and foreign corporations are subjected to the Kansas corporate tax which is calculated based on the company’s income, at a rate of 4%. Companies with net incomes exceeding $50 000 are subject to a surtax at a 3% rate. C corps that are treated as partnerships for tax purposes, and that have net capital accounts or taxable equity or corpus amounting more than $1 million, are subjected to an annual franchise tax.

If you are ready to get started you can fill out our application or call 1-302-428-1200 for a Free 30 Minute Live Consultation.

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