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Kansas
Corporate Name Endings
- The name shall
contain the word "Association," "Church," "College," "Company," "Corporation,"
"Club," "Foundation," "Fund," "Incorporated," "Institute," "Society,"
"Union," "Syndicate," "Limited," or the abbreviation "Co.," "Corp.,"
"Inc.," or "Ltd.". The name shall be distinguishable upon the records
of the Secretary of State from names of other corporations, limited
liability companies, and limited partnerships.
Corporation Requirements
- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - None.
- Directors are not required to be listed in the articles
of incorporation.
- Officer Information
- Officers are
not required to be listed in the articles of incorporation.
- Stock Information
- An increase
in shares or par value does not affect initial filing fees.
- Corporate Records
- The corporation's
bylaws, stock register, books of account, minutes of shareholders'
and directors' meetings, and other books must be available for shareholder
inspection.
Taxes and Fees
- Annual Statements
- An annual
statement must be filed each year by domestic and foreign corporations
organized for profit. The tax rate is $1 per $1,000 of shareholder's
equity attributable to Kansas. The minimum tax is $20 with a maximum
tax of $2,500.
- The state of
Kansas does not send out Annual Statements. You will need to access
the statement on their Secretary of State website.
- Income Tax Rate
- The tax rate
is 4% of taxable income, plus a surtax of 3.35% of Kansas' taxable
income in excess of $50,000 for all tax years.
- S Corporation
- S Corporation
status is recognized by the State of Kansas. A separate state election
from the federal election is not required.
- License Requirements
- Kansas requires
that you obtain a license and pay a fee if operating certain types
of businesses in the state. The following is a partial list:
- Abstracters
- Automobile clubs
- Barbers
- Beauty shops
- Engineers
- Nursery dealers
- Real estate brokers
- Security brokers
- Transient merchants
Please check with the state to make sure your business is complying
with the license requirements for your particular profession.
For more information on taxes, visit
http://www.ink.org/public/kdor/.
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