Every year, LLC company owners are required by Kansas State law to file for their LLC Annual report.
In this case, filing an LLC Annual report is essential for compliance and maintaining a good record with the government, and keeping your LLC contact up to date with the Secretary of the State of Kansas. Likewise, another reason for this is to avoid the dissolution of your LLC company.
With that said, this article will guide you through the steps of filing your Annual report in Kansas.
When to File Your LLC’s Annual report?
The Annual report should be filed every year from the time you filed your LLC initial report. The Annual report must be submitted on or before the 15th day of the 4th month after your LLC tax closing month. To avoid forgetting your Annual report filing, you must always include it on your calendar of activities.
For example, you can create a reminder on your phone or calendar to help you remember around one to two months before the due date to avoid missing the filing.
On the other hand, if it’s your first year to file for LLC Annual reports, it’s due the following year after the approval of your LLC application.
For example, suppose your company’s tax closing month of the year is December, which is for most companies, your LLC annual report in the State of Kansas will be due on the 15th of April the following year.
The Secretary of the State of Kansas does not send a reminder before the due date of your annual report. Therefore, it is advisable that you set a reminder for yourself to reduce the chances of forgetting to file your LLC annual report.
What Are the Requirements You Need to Prepare?
Before you file, make sure that you have these documents or information prepared. Preparing these documents beforehand can help prevent any delays during the process.
- State-issued LLC entity number
- Date of organization
- Kansas Business EIN (entity identification number)
- Other important details about your company, such as:
- Your registered agent
- Its registered office address
- Officers/directors or partners updated contact information
- Insurance policy information including your proof of insurance, the insurance company’s name, the insurer’s name, and the policy date.
- Your signature and title if you are the one filing the report.
- 50 USD and 55 USD filing fees for online and mail filings respectively.
What Will Happen If I Don’t File My Company’s LLC Annual report?
Not filing your company’s LLC Annual report in Kansas will result in the administrative dissolution of your company by the State of Kansas. This may happen if your LLC annual report remains unsubmitted after 90 days from the due date. In this case, you will need to apply for reinstatement of your LLC and pay a 35 USD filing fee and an 85 USD penalty fee. You’ll be required to pay all the outstanding annual report fees you have owed.
Where to File the LLC Annual report?
Fortunately, filing your company’s LLC Annual report is now easier. You can file your LLC Annual report online through the State of Kansas annual report online filing portal. The State of Kansas also allows hard copy submissions through the mail and in person. The form is downloaded, printed, completed, and a payment of 55 USD is attached and they are all mailed or hand-delivered to the address:
Kansas Office of the Secretary of State
Memorial Hall, 1st Floor
120 S.W. 10th Avenue
Topeka, KS 66612-1594
Hard copy submissions take between 3 to 5 working days to be processed. Meanwhile, online submissions take a day to be processed.
How to File Your LLC Annual report: A Step-by-Step Guide
To help you file your company’s LLC Annual report online, this article has outlined the steps of the process. Check them out below.
Step 1: Go to the State of Kansas annual report online filing portal.
Step 2: input your business name and ID number in the appropriate boxes and choose the file annual report option on the page.
Step 3: The website will take you through the process. Follow the other instructions on the web page to complete the process.
Step 4: Make changes to your LLC information as required (if necessary)
Step 5: After this, you’ll submit the form and make payment with your Card to complete the process. If you have submitted your annual report successfully, you’ll get a confirmation about 24 hours after you have submitted your LLC annual report to the State of Kansas.
What Is the Difference Between an LLC Annual report and LLC Partner Tax?
Most company owners mistake the LLC Annual report and LLC Partner Tax as being the same. Due to this misconception, they either miss filing one or the other. If you have multi-member LLCs, which means you have two or more owners, you must file for LLC Partner Tax.
Other Transactions You Can Do Under the Annual reports and Change Services
Aside from filing your company’s LLC Annual report, here are the other business documents that can be generated through the Annual reports and Change Services:
- Changing of registered agent/office
- Reinstating a business entity
- Closing a business
There are two possible reasons you might want to change your LLC’s assigned registered agent. First, you are dissatisfied with your existing agent and would like to change services. Second, you are your own agent and would like to get the services of a registered agent.
Regardless of the reason, you’ll need a registered agent for your company. This is because an LLC licensed agent plays a vital role in every company. In this case, your registered agent is the official representative of your company.
For example, suppose the state needs to contact your company for some legal matters. In that case, there should be an authorized representative where they can send legal documents.
- Reinstating a business entity
One reason for filing a reinstatement is that your LLC faced dissolution due to non-filing of the Annual report or paying taxes.
Of course, aside from these, some of the other tasks you can perform in the Annual reports and Change Services:
- File an amendment
- Business name search
- Change tax/Employer registration record
Finally, you now know how to file your company’s LLC Annual report in Kansas. Making sure you comply with this requirement is essential to avoid penalties or the dissolution of your company.
In this case, to avoid forgetting your Annual reporting, it’s best to organize your calendar. It’s recommended to set a reminder two months before your date of filing.
After all, as a business owner, it’s your responsibility to abide by the government’s ordinance to avoid penalties for your company.