4 U Tax and Accounting
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But my God shall supply all your need according to his riches in glory by Christ Jesus. Phil. 4:19
If you decide to form an LLC in Kansas, 4 U Tax and Accounting Solutions will take care of all the details. We'll research the availability of your company name and help you prepare and file your Articles of Organization with the Kansas Secretary of State.
1. A LLC must obtain a Federal Employer Tax Identification Number
2. Although the business structure resembles a Corporation, LLCs can be taxed as though they were a Partnership. The IRS has the ultimate say on taxation, but new Treasury regulations allow the LLC to indicate how it is to be taxed when filing
3. In a LLC, each member must report income on Individual Income Tax Forms and file a Kansas Partnership Return (Form K-65)
1. Articles of Organization must state a date upon which the company will dissolve
2. LLCs are complicated to form legally and require substantial accounting work
3. Limited transfer of interest—an investment is illiquid since all members must vote to transfer a member’s interest
1. Liability of members limited to amount invested
2. Very flexible management options
3. May be taxed as Partnership
4. A LLC can be perpetual
Registration: Secretary of State
$165 Paper filing (Domestic/Foreign or Professional) or
$160 E-Filing online (Domestic only)
A Limited Liability Company (LLC) is a business entity that combines the limited liability of a Corporation with the flexible management options of a General Partnership. Each member of a LLC enjoys liability limited to that of the investment in the business and pays taxes in proportion to ownership; thus avoiding the corporate malady of double taxation. Every LLC formed in Kansas must have the words “limited company,” or their abbreviation “LC,” “L.C.,” “LLC,” or “L.L.C.” included at the end of the company name.
A LLC must maintain a resident agent and file annual reports. Members of a LLC may be involved in the management of the business without incurring personal liability. If properly structured, a LLC may receive pass-through income tax treatment similar to a Partnership. Articles of Organization and other filings must be filed with the Secretary of State. A foreign LLC must file an application for Certificate for Authority to Engage in Business in Kansas/Foreign Limited Liability Company Application with the Secretary of State.
The professional Limited Liability Company is comprised of a single professional, or group of professionals, who file both Articles of Organization and a certificate from their specific professional regulatory board with the Secretary of State’s office. The certificate must state that each member is duly licensed and that the company name has been approved. No special wording denoting that they are different from a regular, non-professional LLC is required.