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The objective of the annual report is three-fold. The annual report keeps the Government informed about all the updates, communicates about all the modifications or changes, & keeps the LLC members informed about the necessary taxes and costs. This article has all the information about Kansas LLC annual report filing in Kansas.
An annual report can be called an address book, as it features all the relevant addresses of the company & the members. This yearly report is a record of all the company’s activities in an entire year. It is also referred to as the Annual Franchise Tax Report because it helps in filing the franchise tax.
On this page, you’ll learn about the following:
- Contents of the Annual Report
- Kansas LLC Annual Report
- Does the State of Kansas Mandate an Annual Report Filing?
- Why Do LLCs Have to File the Annual Report?
- How to File a Kansas LLC Annual Report
- Seek the Help of a Registered Agent
Contents of the Annual Report
Typically the annual report filed by an LLC (or any other business entity for that matter) will include all the information related to its business & members. The standard contents of the annual report or the annual franchise tax report are
- Office Address of the LLC
- Names & Addresses of the Members & managers.
- Identification Documents
- Social Security numbers of the key members of LLC
- The objective of the business of LLC
- List of all the signatories of the LLC
- Information of the registered agent, if any
Kansas LLC Annual Report
An Annual report is essential for all business types. It authenticates that the information provided to the Secretary Of the State is accurate & updated. The information provided in the annual report helps the State officials to ensure that all the companies pay taxes. The Kansas Annual Report is filed with the Hawaii Secretary of State.
Does the State of Kansas Mandate an Annual Report Filing?
In the State of Kansas, it is mandatory for all Business Entities to file an Annual Report. This includes all the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies, bound to file the Annual Report.
Annual Report Deadline
As mentioned above, filing the Annual report is a mandatory requirement even for an LLC. An LLC operating in Kansas has to file the Annual report with the Kansas Secretary of State on the 15th day of the fourth month (15th April) – following the taxable year. The annual reports are filed with the Secretary of State’s office.
Penalties for Non-filing or late filing
An Annual Report is one of the important documents filed by an LLC. The Kansas Secretary of State doesn’t have any fines or late fees for filing delays. If the LLC cannot file the annual report within 90 days of the due date, the State has the right to forfeit the LLC.
Why Do LLCs Have to File the Annual Report?
Some of the states are not required to file this yearly report, commonly known as the Annual Report. However, there are some reasons why states should file an LLC Annual Report. Here are some reasons,
To Maintain the Accuracy of the Information
An annual report filed by the LLC has all the updated information about its official addresses & the names or addresses of all its officials. This updated information allows the State authorities to track down any LLC when communicating.
To Provide the Correct Correspondence
Many times, any creditor or other entity willing to transact with the LLC requires the correct correspondence address. If this information (which can only be modified with the help of an annual report) is not updated every year, such entities will not be able to communicate with them.
To Notify the Government About All the Significant Changes
If you have changed your main business address or had new business appointments of managers or members, the annual public information report notifies the State Government Entities about it. So, the next time someone questions a newer reform that you have introduced in your LLC, you will be saved because you had submitted the information with the Government.
To Provide an Activity Log of an LLC
The Annual Report is like an activity log of the LLC. It brings on record; all the transactions, new associations, appointments, etc. & keeps those records intact for all future references.
To Help You With the One-time Filing of Taxes
The annual report is an excellent means to keep you on your toes in case of your dues payment. Every LLC must pay the taxes through the annual report filing. By filing the report on time, the LLC can manage the exemptions & can avoid penalties imposed by the Government.
To Enable the State to Track the Payments
The government authorities use all the information filed through the annual report, for tracking the payment of State Taxes.
How to File a Kansas LLC Annual Report
The Kansas LLC Annual Report can be filed online, or it can be filed by mail. An LLC operating in Kansas has to file the Annual report with the Kansas Secretary of State on the 15th day of the fourth month (15th April) – following the taxable year.
Steps to File Kansas LLC Annual Report Online
Time needed: 5 minutes
Below is the procedure to file the Kansas LLC Annual Report online.
- Visit Kansas’s Secretary of State Website
Your first step in filing the Kansas Annual Report is to visit Kansas’s Secretary of State website.
- File Annual Report Online
Scroll down and click on the “ File Annual Report Online” option.
- File Annual Report
Enter the Business Name or Business ID or both (if there are many business manes similar to your business names) & click on File Annual Report. You can fill in the required details & submit the report.
Filing Kansas LLC Annual Report By Mail
To file the Annual Report in Kansas by mail, follow the below steps,
- Visit Kansas’s Secretary of State website.
- Click on Business Services.
- Select Business Services Forms from the drop-down menu.
- Type Annual Report in the search box.
- Select the LLC annual report option from (Form LC) the search result.
- Download the form.
- Fill out the form with the correct information.
- Send the printed copies of the forms and relevant documents to the address: Secretary of State, Memorial Hall, 1st Floor, 120 SW 10th Ave., Topeka, KS 66612-1594
Kansas LLC Annual Report (Domestic & Foreign)
|State Office:||Secretary of State, Memorial Hall, 1st Floor, 120 SW 10th Ave., |
Topeka, KS 66612-1594
Links to Website, Form
|Due Date:||15th day of the fourth month (15th April) – following the taxable year.|
|Filing Fee:||The Online filing fee of the Kansas LLC’s Annual Report is $50 & to file by mail, an LLC has to pay the fee of $55.|
|Penalty:||The Kansas Secretary of State doesn’t have any fines or late fees for filing delays. If the LLC cannot file the annual report within 90 days of the due date, the State has the right to forfeit the LLC.|
|Filing Method:||An LLC can file the Annual Report Online or by mail.|
|Important Information:||Once a Domestic or Foreign Kansas Limited Liability Company submits the Annual Report along with the prescribed fees to the Kansas Secretary of State, the filing is said to be complete.|
How Fast Can I Fill Kansas LLC Annual Report
Deadline for filing annual reports in Kansas is April 15 every year. Failing to do so does not impose any penalty, however, if not filed for 90 days, state can forfiet the LLC.
Filling out the annual report for a Kansas LLC may seem like a daunting task for many business owners. With countless obligations and responsibilities already vying for their attention, the thought of adding yet another item to their to-do list can be overwhelming. However, contrary to popular belief, filling out the Kansas LLC annual report can be a relatively quick and painless process if approached with the right mindset and resources.
One primary misconception that often discourages business owners is the assumption that filling out the annual report requires extensive knowledge of legal jargon or complex business concepts. While it’s true that some familiarity with business operations is helpful, the Kansas LLC annual report mainly seeks general information about the company’s structure and ownership.
If you’re diligent and organized, completing the report can be expedited even further. Keeping accurate records throughout the year will enable you to gather the necessary information in a timely manner, minimizing the time spent searching for details and eliminating potential errors or omissions. Maintaining an organized filing system can save valuable time and energy, making the annual report process a breeze.
Another valuable tip is to take advantage of the technological advancements that have revolutionized the way business tasks are completed. Many websites now offer user-friendly interfaces through which business owners can file their annual reports electronically. Such platforms provide step-by-step guidance, ensuring that all the required information is correctly provided. This not only streamlines the entire process but also provides peace of mind, knowing that your report has been submitted accurately.
Moreover, one must not forget that seeking help or guidance can significantly speed up the completion of the annual report. Networking with other business owners or joining professional organizations can provide access to useful resources, mentors, and experts. Connecting with professionals who have experience in the Kansas LLC reporting requirements can offer valuable insights and advice, empowering business owners to efficiently navigate the process.
When it comes to filling out the report, it is essential to remain focused and dedicated. Recognizing the importance of the annual report and its role in maintaining legal compliance can provide additional motivation. Marking the due date on your calendar or setting up reminders will help create a sense of urgency, ensuring that your report is completed in a timely manner.
By adopting a proactive and efficient approach to filling out the annual report, business owners can avoid unnecessary stress and valuable time wastage. Embracing technology, maintaining accurate records, seeking assistance when needed, and approaching the process with a determined mindset are all key factors that contribute towards swift completion.
In conclusion, the Kansas LLC annual report may appear intimidating at first glance, but it is crucial to remember that with the right approach and resources, the process can be completed swiftly. By harnessing technologies, staying organized, seeking support when necessary, and staying committed to completing the report, business owners can ensure that they fulfill their obligations efficiently. Embracing these practices can make the annual report a seamless part of the overall operations of a Kansas LLC, relieving business owners from unnecessary stress and enabling them to focus on growing their enterprises.
Seek the Help of a Registered Agent
Every State will have a different rule for filing the Annual Report. Usually, it is submitted every year, but it is submitted once in two years in some states. Some states require the filing of the report only once in ten years.
Not only the timing, the mode of filing, the proper addresses, exemptions, legality, annual report compliance, etc., have to be taken care of while paying the taxes or filing any reports with the State authorities. In many such scenarios, it is advised that an LLC appoints a Registered Agent to manage all this. Check out the best LLC service that offers all the services at an affordable price. An experienced agent is required for:
- Streamlining the mandatory processes & filing.
- Sending or receiving any documents.
- Reminding you about important dates of filing or payment of taxes.
- Simplifying the filing procedures.
- Avoid any penalties.
- Flexibility in working.
- Maintaining Privacy (as it keeps your personal records off the public record)
You can read more about a Kansas Registered Agent here.
Yes, an annual report is essential for every business entity in most states. Some states also ask to file biennial or decennial reports to be filed.
A Yearly Business Report or the annual report typically incorporates the address of the business, names & addresses of the members, a list of all the signatories, SSN of the members, & details of the registered agent.
A Registered Agent is well-aware of all the filing requirements, annual report filing fee, & overall Annual Report compliance. The knowledge & proficiency of the registered agent allows the smooth filing of reports & other fees.
The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.
Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.
An LLC has to file many types of reports, such as Application for Reinstatement, Periodic Report of a limited partnership (usually filed by the exempt nonprofit organization), etc., which are required depending on the type of entity. The Annual Report is mandatory irrespective of the entity type. It requires compliance across entities.