Welcome to your daily briefing on small business developments in Kansas. Today we're covering 8 key stories including updates on kansas small business headlines, background & context. Let's dive in.
5 stories
As the state’s lead economic development agency, the Kansas Department of Commerce strives to empower individuals, businesses and communities to achieve prosperity in Kansas.
Relevant to small business professionals operating in KS.
Find out how to get a Kansas DBA as a Kansas sole proprietor, general partnership, LLC, or corporation.
Relevant to small business professionals operating in KS.
Kansas does not have a formal state-level DBA (“doing business as”) registration system. Under No DBA statute; K.S.A. ch. 81 (trademarks), Kansas.
Relevant to small business professionals operating in KS.
Whether you're starting a business, making changes, or relocating to Sunflower State, the Kansas Business One Stop is your resource for business help.
Relevant to small business professionals operating in KS.
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Relevant to small business professionals operating in KS.
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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.
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.
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.
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