Kansas Option to Purchase a Business

State:
Multi-State
Control #:
US-00652BG
Format:
Word
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Description

In this form, the prospective buyer is granted an option to purchase a business within a specified period of time.
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FAQ

While Kansas does not list or register DBAs or have statutes requiring or permitting the registration or filing of DBAs or fictitious names, you can reserve a name for 120 days through the Kansas Business Center.

As we mentioned above, the majority of states require some degree of filing for DBAs. However, there are 14 states who have no filing requirements whatsoever. These include: Alabama, Alaska, Arizona, Delaware, Florida, Hawaii, Kansas, Maryland, Mississippi, New Mexico, Nebraska, Ohio, Wisconsin, Wyoming.

No, you do not need a DBA for an LLC. This is because when you register an LLC, you'll also register your company name eliminating the need for a DBA. However, in some instances, you may use a DBA for your LLC to expand your business and operate part of it under a name other than your original business name.

A. No. State law does not require or permit the registration or filing of DBAs or fictitious names.

What Is An Option To Purchase? An option to purchase agreement gives a home buyer the exclusive right to purchase a property within a specified time period and for a fixed or sometimes variable price. This, in turn, prevents sellers from providing other parties with offers or selling to them within this time period.

What is an "option to purchase" agreement? An option to purchase is an agreement that gives a potential buyer (optionee) the right, but not the obligation, to buy property in the future. The optionee must decide by a certain time whether to exercise the option and thereafter by bound under the contract to purchase.

No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.

The State of Kansas has no formal process for registration of a DBA on the state level, so DBA registration usually occurs on the local or county level. Each county also determines if a DBA filing is required.

How do I reserve a business name? A. Name reservations may be filed online at . Filing a name reservation holds the name for 120 days.

No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.

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Kansas Option to Purchase a Business