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Kansas is a U.S. state in the Midwestern United States. Its capital is Topeka and its largest city is Wichita. Kansas is bordered by Nebraska to the North; Missouri to the East; Oklahoma to the South; and Colorado to the West. Kansas is named after the Kansas River, which in turn was named after the Kansa Native Americans who lived along its banks.
Kansas has a total area of 82,278 square miles (213,100 km2).
The United States Census Bureau estimates the population of Kansas was 2,9 million people as of 2019.
English is the most-spoken language in Kansas, with >90% of the population speaking only English at home. 5.5% speak Spanish, 0.7% speak German, and 0.4% speak Vietnamese.
The Government of Kansas is the governmental structure as established by the Constitution of Kansas. Kansas government, as at the national level of government, power is distributed among three branches: legislative, executive, and judicial.
In 2019, the real GDP of Kansas was about 155.94 billion U.S. dollars. The GDP per capita of Kansas was $53,528 in 2019.
The top industries in Kansas are agriculture, manufacturing, aerospace, energy, biosciences, food processing, military, etc. Nearly 90% of Kansas's land is devoted to agriculture. Kansas is also ranked eighth in US natural gas & petroleum production.The state's economy is also heavily influenced by the aerospace industry.
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The business laws of Kansas are user-friendly and often adopted by other states as a standard for testing business laws. As a result, the business laws of Kansas are familiar to many lawyers both in the US and internationally. Kansas has a common law system.
One IBC supply incorporation in Kansas service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.
The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.
The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";
No public register of company officers.
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How to start a business in Kansas, USA
Share Capital:
There is no minimum or a maximum number of authorized shares since Kansas incorporation fees are not based on the share structure.
Director:
Only one director required
Shareholder:
Minimum number of shareholders is one
Kansas company taxation:
Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.
Local Agent:
Kansas law requires that every business have Registered Agent in the State of Kansas who may be either an individual resident or business that is authorised to do business in the State of Kansas
Double Taxation Agreements:
Kansas, as the state-level jurisdiction within the US, has no tax treaties with non-US jurisdictions or double tax treaties with other states in the US. Rather, in the case of individual taxpayers, double taxation is minimised by providing credits against Kansas taxation for taxes paid in other states.
In the case of corporate taxpayers, double taxation is minimised through allocation and appointment rules related to the income of corporations engaged in multi-state business.
LLC formation cost: $165 by mail or $160 online (one-time fee)
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Your Kansas LLC Annual Report is due every year on the 15th day of the 4th month following the tax closing month. Example: If your tax closing month is December (which it is for most people), your due date is April 15th of the following year.
The filing fee for the annual report is $55.
Kansas corporation tax returns are due by the 15th day of the 4th month after the close of the tax year. For calendar year taxpayers, that date is April 15. If you cannot file on time, you can get a state tax extension..