The cost to set up a Limited Liability Company (LLC) in Kansas typically includes several fees and expenses.
Here’s an overview of the costs associated with forming an LLC in Kansas…
- Filing Fee
- The primary cost is the filing fee required to register your LLC with the Kansas Secretary of State. As of my last update, the filing fee for forming an LLC in Kansas is $160. This fee may be subject to change, so it’s advisable to check the current fee on the Kansas Secretary of State’s website.
- Name Reservation Fee (Optional)
- If you wish to reserve a specific name for your LLC before officially filing the formation documents, you can do so by paying a name reservation fee. In Kansas, the fee for reserving an LLC name is $35. Name reservation is optional but can be helpful if you want to ensure that your desired business name is available before proceeding with the formation process.
- Registered Agent Fee
- Kansas requires LLCs to designate a registered agent, who serves as the official point of contact for legal and administrative purposes. You can choose to serve as your LLC’s registered agent or hire a professional registered agent service. The cost of a registered agent service varies depending on the provider and level of service.
- Operating Agreement
- While not required by the state of Kansas, it’s highly recommended to create an operating agreement for your LLC. An operating agreement outlines the ownership structure, management responsibilities, decision-making processes, and other important aspects of the LLC’s operations. You can draft an operating agreement yourself or seek assistance from legal professionals, which may involve additional costs.
- Business Licenses and Permits
- Depending on the nature of your business and its location, you may need to obtain various business licenses and permits to operate legally in Kansas. The cost of these licenses and permits can vary widely depending on factors such as industry, location, and regulatory requirements.
- Legal or Professional Fees
- If you choose to seek assistance from legal or business professionals to help with the LLC formation process, you may incur additional fees for their services. This could include fees for legal advice, document preparation, or other professional services.
It’s important to budget for these costs when setting up an LLC in Kansas to ensure that you comply with all legal requirements and establish your business properly. Also, consider ongoing costs such as annual report fees and taxes associated with maintaining your LLC’s good standing in Kansas.
