For state-specific instructions when naming your Corporation when starting a business in Kansas, either of the following or its corresponding abbreviations must be present in the actual name: ‘corporation’, ‘company’, ‘incorporated’, ‘association’, ‘limited’, ‘foundation’, ‘institute’, ‘syndicate’, ‘union’, ‘society’, ‘fund’, ‘church’, ‘club’, or ‘college’. The corresponding word or the acronym of any of these words in a different language can also be used, provided that it is rendered in Roman characters.
To ensure that the business name you have created is inherently unique from any Corporation registered in the state of Kansas, double check it by using the Kansas business name search tool. If the business name can still be used, you can file for a reservation of the business name for 120 days through online or mail application. The filing fee is $35 for mail and $30 for online.
When filing a Corporation in Kansas, you have to file the Articles of Incorporation to comply with the requirements of incorporating in Kansas. The Articles of Incorporation has to be filed at the Secretary of State of Kansas through an online application or by mail submission.
Keep in mind not to miss important details of your business when filling out the form to avoid any delays in the approval of your application.
Filing fee: $90
As a state requirement when filing for a Corporation, a Kansas Registered Agent is a necessity. This Registered Agent in Kansas should meet the state requirements for his designation to the position to be approved.
A Registered Agent can either be an individual residing in Kansas or a domestic or foreign business entity that is officially registered as a business within the state. A physical street address in Kansas should also be provided.
That said, you can hire a Registered Agent service and pay up to $160/year, or get a Kansas Registered Agent free of charge when you form your Corporation with IncFile – which is $100 less than other online incorporation services.
A Corporate Records Book keeps every necessary paperwork of your Corporation in a safe and organized folder. From your Kansas Corporation registration documents to the minutes of your meetings later on, a Corporate Records Book is an integral part of a smoothly running Corporation.
This records book can be purchased at an office supply store near you or have it delivered directly at your doorstep through Amazon.
It is the responsibility of the owner of the Kansas Corporation to elect a number of initial directors who will serve on the board until such time that a new set of directors is elected during the first shareholder’s meeting.
When forming a Corporation in Kansas, the name and address of the appointed directors should be documented in the Incorporator’s Statement and should be filed in the Corporate Records Book for record purposes.
As soon as the directors are elected, an initial meeting should immediately follow to kick off the agenda for starting a Kansas Corporation. The following are discussed during the initial meeting:
The minutes should be signed by all attendees of the initial meeting and should be filed with other important documents in the Corporate Records Binder.
As part of the requirements for Kansas Corporation maintenance, the following should be completed:
In addition to business taxes, requirements for Kansas business licenses should also be compiled to ensure that your business legally operates within the state. There are numerous licenses and permits that must be observed in Kansas, so be sure to get a good head start with the use of our Kansas Business Licenses and Regulations Guide.
As you start Kansas Corporation, it is very important to keep your personal and business finances separate by opening a business bank account. This keeps your personal liability at a minimum and everything separate in the eyes of the law.
There are many options including Chase and Bank of America, so do your research to find out which is right for your Kansas Corporation. Check out this review for our favorite options.
Now that you have followed the steps above, you are officially a Kansas Corporation. Other than those 8 steps that are based on state guidelines, here are a few additional steps based on best practices for starting a successful Corporation. Not required, but highly recommended.
Write a business plan to find the right funding for your business. Then, use that same effective business plan to propel your venture into success and growth even during the long haul. A strong business plan is not as difficult to create as others make it out to be.
Before you start marketing your Kansas Corporation, it is important to have a business website. This will give you a solid online presence and credibility aspect.
Since you are likely starting a business on a budget, I highly recommend looking into building a website through WordPress. It is simple, easy, and free. Learn how to get started with this helpful guide.
When starting a Kansas Corporation, one of the requirements to observe for maintenance is the Kansas Corporation annual report.
This document is filed every year that your Corporation is in business, and is to be submitted on or before day 15 of the fourth month of the Corporation’s end of tax year. An online or mail application can be done.
Filing fee: $55
Please be advised that this guide is only an informational article, and it should not be treated in any way as a legal document. For questions or professional advice on how to form a Corporation in Kansas or starting a business in Kansas in general, it visit a professional and seek their expert advice.