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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 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.
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.
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.
You can get an LLC in Kansas immediately if you file online (or 2-3 weeks if you file by mail).
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Businesses typically file annual reports electronically, in many cases using a registered agent who can complete the required documents on the companys behalf.
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.
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.
The Kansas Form DL - Articles of Organization is a document that is filed with the Kansas Secretary of State to form an LLC. The fee for filing the Articles of Organization is $160 online and $165 by mail.
Your Kansas LLC needs a federal employer identification number (EIN), which acts as your federal tax identification number. You can get a free EIN from the Internal Revenue Service. Once youve obtained your federal EIN, you will get a business tax license from the Kansas Department of Revenue.

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