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The document is a Quit Claim Deed, which is a legal instrument used to transfer ownership of real estate from a Grantor (a limited liability company) to Grantees as joint tenants with the right of survivorship. It includes details such as the date of the transaction, acknowledgment by a notary public, and references an attached legal description of the property being transferred.

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How are LLCs taxed in Kansas?

Corporations pay corporate income taxes, but LLCs do not. As a result, profits from an LLC are taxed at the shareholders personal tax rate. However, you should note that there is no federal income tax for LLCs in Kansas. The Kansas Department of Revenue provides an easy to understand guide to business income tax.

How much does it cost to set up a LLC in Kansas?

How much does it cost to form an LLC in Kansas? The Kansas Secretary of State charges $165 to file the Articles of Organization. You can reserve your LLC name with the Kansas Secretary of State for $30 when filing online or $35 when filing by mail.

What is an example of a limited partnership?

Real estate investors, for example, might use a limited partnership. Another common use of a limited partnership is in a family business, called a family limited partnership. Members of a family may pool their money, designate a general partner, and watch their investments grow.

What do I need for an LLC in Kansas?

To form a Kansas LLC youll need to file the Articles of Organization with the Kansas Secretary of State, which costs $160-$165. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your Kansas Limited Liability Company.

How long does it take to form an LLC in Kansas?

You can get an LLC in Kansas immediately if you file online (or 2-3 weeks if you file by mail).

Who files an annual report?

Businesses typically file annual reports electronically, in many cases using a registered agent who can complete the required documents on the companys behalf.

What is a Kansas limited partnership?

In a limited partnership, each partner is liable for debts only up to the amount of his or. her investment in the company. Under Kansas Statutes a limited partnership must be formed in writing between. one or more general partners and one or more limited partners.

Who has to file a KS annual report?

All for-profit entities with a tax period other than a calendar year must file an annual report no later than the 15th day of the fourth month following the end of the entitys tax period. Not-for-profit entities with a calendar year tax period may file an annual report any time after the end of the tax period.

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