Professional services businesses
Kansas allows professionals, such as accountants, attorneys and physicians, to form a
professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Kansas corporations.
Corporate records
Kansas corporations must keep corporate records at the principal place of business.
Corporate taxes and fees
The following are taxation requirements and ongoing fees for Indiana corporations:
- Annual report.
Kansas requires corporations to file an annual report, which is due on the 15th day of the fourth month after the close of its fiscal year (April 15 for calendar-year corporations). The fee is $55. Kansas also has a franchise tax for corporations that have taxable equity, net capital accounts, income as reported on a federal partnership return or corpus amounting to more than $1 million. The franchise tax is calculated at $0.3125 per $1000 and is due the 15th day of the fourth month after the close of the tax year.
- Taxes.
For complete details on state taxes for Kansas corporations, visit
Business Owner's Toolkit or the
State of Kansas
.
- Federal tax identification number (EIN).
An
EIN
is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number.
Kansas does not require a state tax identification number.
Business licenses
Business licenses and/or permits are required for most businesses. The BizFilings
Business License Application Package can help you stay on top of these requirements.
S corporation election
Kansas recognizes the federal S corporation election and does not require a state-level S corporation election.
Additional Kansas information
View the following additional resources BizFilings has for forming and maintaining companies in Kansas: