An annual report is a brief document that businesses are typically required to file with a state agency according to a predetermined schedule. The report lists certain pieces of information about the business, such as its officers or members, the organization’s primary address, and other relevant details.
The purpose of the annual report is to keep the state’s records current and accurate, and to ensure that the public has access to up-to-date information about the business. It is important to note that the annual report is not a financial statement, and it does not contain detailed financial information about the business.
Most U.S. states require some form of annual report. Kansas is one of them.
If you’re confused about the process of fulfilling your Kansas annual report filing requirements, FastFilings is here to save the day. We’ve assembled a really easy-to-use online ordering system that allows you to input some basic business information in just a few minutes, and we’ll take over from there. It’s the easiest way to ensure that your business in Kansas stays in good standing.
Who Has to File an Annual Report in Kansas?
The state of Kansas requires the following types of businesses to file an annual report:
- For-profit corporations
- Not-for-profit corporations (including electric cooperatives)
- Limited Liability Companies (LLCs)
- Limited Liability Partnerships (LLPs)
- Limited Partnerships (LPs)
Annual reports are filed with the Kansas Secretary of State. These documents are made available to the public in compliance with the Kansas Open Records Act (K.S.A. 45-215 through K.S.A. 45-223).
What Information Is Included in a Kansas Annual Report?
Annual reports include some basic information about a business including:
- Business entity ID number (not the Federal Employer ID Number)
- Name of entity (as it appears on the records of the Kansas Secretary of State)
- Principal office address (not required on some forms)
- Tax closing date of the business
- Names and addresses of officers, partners, directors, members, owners, and/or shareholders (depending on the type of business entity)
In addition, the form must be signed by an authorized person. The signature affirms, under penalty of perjury, that the information on the report is correct.
Each type of business structure has its own annual report form, with unique reporting requirements, so make sure you’re using the right one when filing. Electric cooperatives have their own dedicated form: EC 50.
When Is a Kansas Annual Report Due?
Again, it depends on the type of business you operate. The due dates are as follows:
For-profit businesses – If you have a calendar year tax period, the report is due each year at any time from January 1 to April 15. If you have a fiscal year filing schedule, the report is due no later than the 15th day of the fourth month after the applicable tax period.
Not-for-profit businesses – Annual reports can be filed each year at any time from January 1 to June 15 following the end of the tax period.
What If You Don’t File Your Kansas Annual Report?
If you fail to file your state annual report on time, your business will be immediately placed in delinquent status. Then you have 90 days to file an annual report before your business is forfeited. Once that happens, your business will lose the right to conduct operations in the state of Kansas, and you will have to go through a reinstatement process, which will include payment of penalties, before your business can be restored to good standing.
If you file your report within the 90-day delinquency period, you do not have to pay a late fee.
How Do You File an Annual Report?
You always have the option to file the report directly with the Kansas Secretary of State’s office. With FastFilings, though, it’s not necessary to go through that fuss. Our online ordering system offers our customers a fast, easy method to process their annual report each year.
You can access our convenient annual report service 24/7. Get started today!