Kansas S-Corporation Status – Kit

Bahman Eslamboly

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An S-corporation is recognized by the Internal Revenue Service but is treated differently than other corporations in terms of federal taxation. S-corporations are taxed in the same way as partnerships and the corporation itself does not pay a corporate tax. Any taxable profits of an S corporation fall to the individuals who own shares in the corporation. This S-Corporation Status Kit contains important information regarding S Corporations.

This S-Corporation Status Kit for Kansas includes the following:
  • Notes and Requirements for S-Corporation Status
  • S-Corporation Checklist
  • Notice of Special Shareholders Meeting Regarding S-Corporation Status
  • Affidavit of Mailing of Notice of Special Shareholders Meeting Regarding S-Corporation Status
  • Waiver of Notice of Special Shareholders Meeting Regarding S-Corporation Status
  • Minutes of Special Shareholders Meeting Regarding S-Corporation Status
  • Resolution of Shareholders Regarding S-Corporation Status

Protect Yourself and your Business by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:
  1. General Information
  2. S-Corporation Status Kit for use in Kansas
State Law Compliance: This form complies with the laws of Kansas

Kansas S-Corporation Status – Kit

Product Details

Product Kansas S-Corporation Status – Kit
Country United States
Pages 11
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category S-Corporation Status
Product number #40201
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

An S-Corporation is a special type of corporation that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders, thereby avoiding double taxation at the corporate level.

To qualify for S-Corporation status in Kansas, your corporation must meet certain criteria, including having no more than 100 shareholders, all of whom must be U.S. citizens or residents, and only one class of stock.

The kit includes essential documents such as a checklist for S-Corporation status, notices for shareholder meetings, affidavits, waivers, and resolutions that are necessary for compliance.

Yes, existing corporations can elect to change their tax status to S-Corporation by filing the appropriate forms with the IRS and meeting the necessary requirements.

S-Corporations avoid double taxation on corporate income, as profits are passed through to shareholders and taxed at their individual tax rates, which can result in significant tax savings.

Yes, to elect S-Corporation status for the current tax year, you must file Form 2553 with the IRS by the 15th day of the third month after the beginning of your tax year.

Failing to adhere to S-Corporation requirements can result in the loss of S-Corporation status, leading to the corporation being taxed as a regular C-Corporation.

Yes, certain types of businesses, such as financial institutions and insurance companies, are ineligible for S-Corporation status under IRS regulations.

Is This Form Right For You?

Use This Form If:

  • Individuals who are starting a new business in Kansas may need this kit to understand the requirements for electing S-corporation status, which offers potential tax benefits compared to traditional corporations. By using this kit, they can ensure they meet all necessary criteria and properly file the required documentation.
  • For existing corporations looking to change their tax status, this S-Corporation Status Kit provides essential guidelines and forms to facilitate the transition. This is crucial for businesses aiming to optimize their tax obligations and distribute profits directly to shareholders.
  • Situations requiring a formal meeting of shareholders to discuss S-corporation status can greatly benefit from the included templates in this kit. These documents help ensure that all legal requirements are met during the meeting, thus protecting the corporation's compliance with state laws.
  • Entrepreneurs seeking to attract investors may find this kit invaluable, as it outlines how to structure their corporation to maximize tax efficiency. By obtaining S-corporation status, they can present a more favorable financial outlook to potential investors.
  • For those who have recently formed a corporation in Kansas, this kit serves as a comprehensive resource to help them navigate the complexities of S-corporation eligibility and compliance. It provides clarity on the necessary steps to take for tax advantages.

Do Not Use If:

  • This form is not appropriate for businesses that do not meet the eligibility criteria for S-Corporation status, such as those with more than 100 shareholders or those that have non-resident alien shareholders.
  • If your corporation is already classified as a C-Corporation and you do not wish to change your tax status, this kit would not be necessary, as it is specifically designed for those seeking S-Corporation status.
  • For sole proprietorships or partnerships, this kit is not applicable since it is tailored for corporations. These business structures have different legal and tax considerations.
  • In cases where a corporation is facing financial difficulties or is in the process of dissolution, seeking S-Corporation status may not be advisable or beneficial.
  • If you are unsure about the legal implications of electing S-Corporation status, it is better to consult with a legal professional rather than relying solely on this kit.

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Package of the most frequently used forms to start a corporation for use in all states.

Product Laws

S-Corp Information - Kansas

Address of state corporation department:
Kansas Secretary of State
Business Services
Memorial Hall, 1st Floor
120 SW 10th Avenue
Topeka KS 66612-1594
Telephone: 785-296-4564
State web address: http://www.kansas.gov/index.php
State law reference: Kansas Statutes Annotated, Chapter 17, Articles 60 through 75.
Title of filing: Articles of Incorporation.
Filing Fees: $90 paper filing; $84 online filing
Other fees: None.
Name reservation: Reservable for 120 days for $35 fee. (Section 17-7402).
Name requirements: Association, Church, College, Company, Corporation, Club, Foundation, Fund, Incorporated,
Institute, Society, Union, University, Syndicate, or Limited, or abbreviations “Co.,” “Corp.,” “Inc.,” or “Ltd.”
(Section 17-6002).
Incorporator requirements: One or more persons, partnerships, associations, or corporations (may be nonresidents).
(Section 17-6001).
Corporate purpose requirements: General “all purpose” clause (see instructions). (Section 17-6002(3)).
Director requirements: One or more (may be nonresidents). (Section 17-6301).
Paid-in capital requirements: None.
Annual report requirement: Yes, to Secretary of State. (Section 17-7503). $55 filing fee.
Publication requirements: None.
Other provisions: Names and addresses of initial directors must be given in Articles of Incorporation, if the powers
of the incorporator or incorporators are to terminate upon the filing of the articles of incorporation. (Section
17-6002(6)).

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