Welcome to your daily briefing on small business developments in Kansas. Today we're covering 5 key stories including updates on kansas small business headlines, background & context. Let's dive in.
2 stories
Northwest Registered Agent explains how sole proprietors, general partnerships, LLCs, and corporations can obtain a Kansas DBA (Doing Business As).
For KS small business professionals, using a DBA allows you to operate under a different business name without forming a new legal entity.
Kansas does not operate a formal state-level DBA registration system, with business name protection instead falling under trademark statutes.
Small business professionals in KS should understand that filing a traditional DBA is not an option and must pursue alternative paths to protect their business name.
Reach professionals in this market
3 stories
Buy-sell agreements among co-owners specify what happens at death, disability, or departure — but only matter if there is a funding source to actually execute the buyout. Common defects: insurance policies that lapsed, valuation methods that produce numbers no one can pay, and trigger events that include voluntary departure without a payment plan.
Without funding, the surviving owner faces a co-owner's heirs as the new business partner. Most buy-sell disputes that reach litigation are not about the agreement's terms but about the absence of a funding mechanism.
MCAs quote a "factor rate" (typically 1.20-1.50) on the advance amount, plus a daily holdback as a percentage of receipts. Translated to APR, most MCAs cost 60-150% annualized. The structure is legally not a loan, so usury caps and disclosure rules do not apply.
Cash-strapped small businesses that "just need it now" stack multiple MCAs and end up with daily holdbacks consuming most receipts. Recovery from MCA stacking is rare without formal restructuring or bankruptcy.
The S-corp election lets owner-operators take part of their income as wages (subject to payroll tax) and the rest as distributions (not subject to self-employment tax). The savings only matter once profit consistently exceeds a "reasonable salary" — typically $50K-$80K of pure profit above the salary baseline. Below that threshold, the added payroll-processing cost eats the savings.
Many LLCs elect S-corp status before they have enough profit to benefit, paying payroll processing for no tax savings. The election is reversible but not on a clock that matters in real time.
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