What is Kansas LLC Dissolution? |
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A Kansas LLC is created when the KS Secretary of State approves the Articles of Organization.
A record of the Kansas LLC is added to the list of LLCs which have officially registered with
the Kansas Secretary of State.
Once a LLC is registered with the Kansas Secretary of State, that LLC immediately has both reporting and tax
obligations which incur penalties if the obligations are not met by the required deadlines.
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A Kansas LLC is created when the KS Secretary of State approves the Articles of Organization.
A record of the Kansas LLC is added to the list of LLCs which have officially registered with
the Kansas Secretary of State.
Once a LLC is registered with the Kansas Secretary of State, that LLC immediately has both reporting and tax
obligations which incur penalties if the obligations are not met by the required deadlines.
If you've registered a Kansas LLC with the Kansas Secretary of State and want to cease business activities
you have to let the KS Secretary of State know that you intend to close your company.
Only after the KS Secretary of State has made sure that all of the obligations of the Kansas LLC have been fulfilled will
the Secretary of State approve of the closure of the company.
When the Kansas Secretary of State approves the closing of a KS LLC, that Kansas LLC is said to be
Dissolved.
The process of Dissolving a Kansas LLC is called Kansas LLC Dissolution.
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Why do I need to Dissolve a Kansas LLC? |
As soon as a Kansas LLC is registered with the KS Secretary of State, that LLC is responsible for
recurring obligations of the Kansas Secretary of State and the Kansas Department of Revenue.
If the Kansas LLC does not file reports or pay taxes then that KS Limited Liability Company could be responsible for
penalties which go up as time goes by.
Unless you Dissolve your Kansas LLC with the Kansas Secretary of State that KS Limited Liability Company will be responsible for
all recurring fees and penalties.
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What do I have to do to Dissolve a Kansas LLC? |
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Kansas LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.
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Kansas LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.
There are things you need to do before you can request approval of LLC Dissolution from the Kansas Secretary of State;
and things that you have to do after the KS Secretary of State has approved Dissolution of the Kansas LLC.
What you have to do both before and after the Kansas LLC is Dissolved largely depends on if the Kansas LLC has commenced business
and how many assets, debts and liabilities, if any, that the KS Limited Liabilty Company has.
If the Kansas LLC has not commenced business then the KS Limited Liability Company Dissolution process is easier.
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What do I have to do before I Dissolve a Kansas LLC? |
Things you need to do before you Dissolve a Kansas LLC.
1. Hold a Members meeting and record a resolution to Dissolve the Kansas LLC
2. File all required Annual Reports with the Kansas Secretary of State
3. Clear up any business debt
4. Pay all taxes and administrative fees owed by the Kansas LLC
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1. Hold a Members meeting and record a resolution to Dissolve the Kansas LLC
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If the Kansas LLC has any Members then a meeting should be held and a vote to Dissolve the Kansas Limited Liability Company taken.
Minutes of the meeting should be recorded and retained in the business records.
If the Kansas LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Kansas LLC.
- We can transcribe and compile minutes or approvals into a form that is legally recognized by the Kansas Secretary of State.
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2. File all required Annual Reports with the Kansas Secretary of State
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The Kansas Secretary of State will not approve the Dissolution of a KS LLC until all required
reports have been filed.
- We can file any required Annual Report with the KS Secretary of State.
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3. Clear up any business debts
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All creditors of a Kansas LLC should be given notice of the pending LLC Dissolution.
Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may
be submitted.
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4. Pay all taxes and administrative fees owed by the Kansas LLC
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The Kansas Secretary of State will definitely not approve the Dissolution of a Kansas LLC until all
outstanding taxes and applicable registration and administrative fees have been paid.
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What do I have to do after I Dissolve a Kansas LLC? |
Things you have to do after you Incorporate in Kansas.
1. Distribute all remaining assets of the Kansas LLC
2. Close all business bank accounts of the Kansas LLC
3. Cancel all local business licenses and permits
4. File Form 966 with the IRS
5. Cancel the IRS account associated with the KS LLC's Federal Tax ID (EIN)
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1. Distribute all remaining assets of the Kansas LLC
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If the Kansas LLC has any remaining assets, these may be divided according to the Members' ownership interests
in the KS Limited Liability Company.
All distributions to LLC Members must be reported to the IRS.
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2. Close all business bank accounts of the Kansas LLC
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If there are any business accounts that have been opened for the Kansas LLC then those accounts must be closed.
If Company Business accounts are left open there may be liability and obligations of the Dissolved Kansas LLC which could
lead to legal problems down the line.
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3. Cancel all local business licenses and permits of the KS LLC
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If the Kansas LLC has obtained any state, regional, county or city business licenses or permits, each
of those must be cancelled to avoid any reporting or fiscal obligations of the Kansas LLC.
This includes business registration licenses as well as reseller permits.
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4. File IRS Form 966
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Most Dissolved Kansas LLCs must file IRS Form 966 with the US Internal Revenue Service.
If a Kansas LLC is required to file IRS Form 966, the filing is required within 30 days after the final Dissolution
plan is approved.
Filing IRS Form 966 lets the Federal Government know that the Kansas LLC has been legally Dissolved
so that it may take the appropriate actions.
- We can prepare IRS Form 966 for you to file.
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5. Cancel the IRS account associated with the KS LLC's Federal Tax ID (EIN)
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A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Kansas LLC.
Once the IRS links an EIN to a Kansas LLC, that EIN stays with the Kansas LLC even after the Company has been Dissolved by the
Kansas Secretary of State.
When the IRS processes the final tax return for the Kansas LLC, they automatically make the EIN inactive.
However, the account associated with the EIN is not automatically closed.
Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future.
If you should decide to revivie the Kansas LLC down the line then the IRS will reactivate the old EIN for your new Business.
Before a Kansas LLC can close an EIN account, it must be in Good Standing with the IRS.
The Kansas LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.
The Kansas LLC cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe.
- We can prepare the formal documents which you can sign and submit to the IRS in order to close the account
associated with your EIN.
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How long does it take to Dissolve a Kansas LLC? |
The time it takes to Dissolve a Kansas LLC varies depending on how long it takes to complete the actions that are
required in each specific case - holding meetings, closing accounts, distributing assets, etc.
Once the initial actions are completed, the Kansas Secretary of State usually takes around 2-3 business days to process the Certificate of Cancellation.
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The time it takes to Dissolve a Kansas LLC varies depending on how long it takes to complete the actions that are
required in each specific case - holding meetings, closing accounts, distributing assets, etc.
Once the initial actions are completed, the Kansas Secretary of State usually takes around 2-3 business days to process the Certificate of Cancellation.
Processing times for Kansas LLC Dissolution filings vary depending on the work load of the
Secretary of State's staff.
We've found that normal processing of Kansas Dissolution filings takes the state around 2-3 business days.
PLEASE NOTE: WE CANNOT GUARANTEE KANSAS SECRETARY OF STATE PROCESSING TIMES.
We are dependent on, and have no control over, the staff and systems of the Kansas Secretary of State .
In our experience 2-3 business days is the time it usually takes the Kansas
Secretary of State to process a Kansas Dissolution filing.
We get your Kansas LLC Dissolution filing to the KS Secretary of State ASAP.
Once it is at the state we have no control over the Kansas Dissolution approval process.
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How much does it cost to Dissolve a LLC in Kansas? |
The total cost to Dissolve a Kansas LLC varies depending on exactly what is required for each specific
KS Dissolution.
We charge $224.00 plus any state fees for our Kansas LLC Dissolution services. This includes:
- Same day processing
- Transcribe minutes of Members meeting which proposes Dissolution
- Prepare and file Certificate of Cancellation with the Kansas Secretary of State
- Prepare US IRS Form 966 for you to sign and file
- Prepare documents to cancel Federal EIN account
- Certified copy of Dissolution filing from KS Secretary of State
- Priority Mail Delivery of all documents
- Unlimited Customer Support
We also offer these Kansas LLC Dissolution services separately as explained on the right side of this web page.
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What do I have to do if I want to Dissolve a Foreign LLC that is tied to a KS Domestic LLC? |
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If there are Foreign LLCs in states other than Kansas that are tied to the Domestic Kansas LLC then
each of those Foreign LLCs must be Dissolved before the Kansas LLC is legally Dissolved.
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How long before someone can use my LLC name in Kansas after I Dissolve? |
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A Kansas LLC company name becomes available for anyone to use when the Kansas Limited Liability Company is Dissolved by the Kansas Secretary of State.
There are no LLC company name protections in Kansas once a Kansas LLC has been Dissolved by the Kansas Secretary of State.
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Do I have to publish a Notice of Dissolution of the Kansas LLC? |
There are no state of Kansas requirements for the publication of a Notice of Dissolution of a Kansas LLC.
While the Kansas Secretary of State does not legally require the publication of a Notice of Dissolution of a Kansas LLC, publication is
a good way to notify anyone who might have a claim against the Kansas LLC.
Evidence of publication might prove useful down the line if someone makes a claim against the KS Limited Liability Company after
the Kansas LLC has been dissolved.
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