The Kansas Annual Report is how the government establishes your ongoing right to do business in the state and tracks the payment of your state business taxes by state. Commonly known as Information Reports, businesses are required to file every two years with the Kansas Secretary of State. The KS SOS maintains records of corporations, limited liability companies, limited partnerships, and limited liability partnerships. It also tracks mergers, dissolutions, and issues authority of foreign (non-Kansas) businesses to conduct business in the state. All businesses created in even years are required to file by April 15th of each even year. Those formed in odd years are required to file by April 15th of each odd year. Subsequently, not-for-profit businesses are due by June 15th of their respective even/odd year. Report filing may be submitted online or by mail. If you miss the deadline, Kansas does provide a grace period of 90 days after which the business falls into a delinquent status and risk of being shut down.
Consequences of not filing can include (1) Loss of good standing status with the state of Kansas, (2) Damage to business credit and professional standing, (3) Banking relationship complications and account restrictions, (4) Inability to legally conduct business activities or enter contracts, (5) Potential personal liability for officers and directors.
Information needed to filing your Kansas Annual Report include: Business Entity Name, Business Entity ID number, Registered address, Tax closing date, Contact Information for all registered owners, Federal Employer Identification Number (FEIN) (optional), and Signature of authorized person. Corporations must also include Name / Address/ Title of officers and directors, Type of Business, and Number of shares.
For more information, please contact the Kansas Secretary of State.
If you have any questions about the topics listed above, or if you would like to schedule an appointment, please do not hesitate to contact our team. Appointments can be scheduled online by visiting our homepage at www.ongandcompany.com.