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#IS MY LICENSE SUSPENDED IN KANSAS HOW TO#

Unless directors are elected by written consent, corporations in Kansas must hold an annual shareholder meeting. You must hold regular corporate meetings to maintain your business's management structure. Hold Periodic Board Meetings and Record Minutes You can have multiple classes and each class can hold any number of shares. Each class, termed a share class, holds different rights and privileges. For example, if a corporation issues one share of stock the shareholder (stock owner) would then own 100% of the corporation. Each share of stock represents a percentage of ownership of the company. Choose a Share Structure and StrategyĪ share of stock is the unit of ownership of a corporation. During this initial meeting, either the incorporator(s) will elect the board of directors or the initial director(s) will appoint the officers. You must appoint at least one director who will oversee your Kansas corporation until the first shareholder meeting.Ī corporate director is in charge of the adoption, amendment, and repeal of operational bylaws as well as the election, supervision, and removal of officers.Īfter forming the corporation, the incorporator(s) - or initial director(s), if named on the formation documents - should call an organizational meeting. What is a Quorum? A Quorum is the minimum number of members that must be present at a meeting to make the proceedings of the meeting valid, including any of the votes held therein. What constitutes a quorum for voting purposes.acting in the best interests of the corporation) Fiduciary duties to the corporation (i.e.

The date of the annual shareholder meeting.How bylaws will be added/amended in the future.How meetings are held, voting procedures, electing officers or directors.

How the corporation will be governed, including the role of directors and officers.

It makes the rules and priorities clear for everyone involved.Ī corporation’s bylaws will supplement any rules set forth by the federal government or the state. You can think about the bylaws as a constitution for your corporation.

Fill out and execute the Articles of Incorporationīylaws are the rules that determine how your organization will be governed and run.

We recommend using GoDaddy to search for your options.īefore you officially file the Articles of Incorporation in Step 4, you will need to hold an organizational meeting to complete the following tasks:

Even if you aren’t planning on creating a business website now, we advise buying a web domain right away to prevent other businesses from taking it. Is the URL available?īefore you register your Kansas corporation, you should see if a good URL is available for your desired business name.

#IS MY LICENSE SUSPENDED IN KANSAS HOW TO#

Use the Kansas Business Center Search Portal to determine if your desired business name is available.įor more information about Kansas corporation name searches, visit our How to Name a Business guide and select Kansas from the drop-down menu. Your Kansas corporation name must be unique and distinguishable from other business names in Kansas. Is my corporation name available in Kansas? Read the Kansas state statute regarding corporation naming guidelines for more information.

If your company is a public benefit corporation, its name must include one of the following: public benefit corporations, P.B.C., PBC.

Your name cannot include words that could confuse your corporation with a government agency (FBI, Treasury, State Department, etc.).

Your name must be distinguishable from any existing business in your state.

(or words and abbreviations in another language with the same meaning).

Association, church, college, company, corporation, club, foundation, fund, incorporated, institute, society, union, university, syndicate, limited, co., corp., inc., or ltd.

Unless your corporation is a bank, savings and loan association, savings bank, or public benefit corporation, its name must contain one of the following words or abbreviations:.

You must choose a unique name that complies with Kansas corporation naming requirements. Choosing a business name is the first step in starting a corporation.