Close a Business

Closing Your Business

The following agencies may have filing requirements that apply to selling or closing your business. Depending on the type of business, other notifications may be required to be provided to state agencies. Businesses are encouraged to consult an attorney, accountant or other business advisor when closing or selling their business.

Kansas Secretary of State

A business may dissolve, cancel, or withdraw from doing business in Kansas by submitting a filing with the Secretary of State. File online at: Dissolution, Cancellation or Withdrawal of a Business Entity Amendment. Businesses must have filed their most recent annual report before filing a dissolution, cancellation, or withdrawal.

Kansas Department of Labor

  • Employers should immediately notify the department when selling all or part of the business or discontinuing business for any reason. All Quarterly Wage Report and Unemployment Tax Returns and taxes, including penalty and interest, are due within 15 days of selling or closing the business.
  • If the employer sells all or part of the business, the selling employer must supply the department with the following information concerning the transaction: buyer’s name, trade name, address, date of sale and the portion of the business sold. The business must also supply the date of last wages paid.
  • If the business is discontinued, the employer must supply the department with the date of closing.
  • Employers can report this information on the Employer’s Account Record Change (K-CNS 103).

Kansas Department of Revenue

What to do when you sell your business:

You need to notify the Department of Revenue when you sell your business. The department can then change the records of your account to show the information on the new owner and to take your name off the account. This helps reduce the chance you may be contacted about future tax issues for that business. If the department does not know you have sold your business you may be viewed as a non-filer or you may be contacted on a tax liability the business incurs after you sold it.

  • Complete the Notice of Business Closure (CR-108)
  • Return the completed form to: Kansas Department of Revenue, 915 SW Harrison Street, Topeka, KS 66625-9000 or FAX to 785-291-3614.
  • Include information on the date the business was sold
  • Include the name and address of the new owner
  • Make sure all tax filings are current up to the date of sale
  • If you had no business activity to report for certain periods you may use the online applications for zero based filing
  • Make sure all outstanding taxes are paid for periods up to the date of sale

What to do when you close your business:

  • Complete the Notice of Business Closure (CR-108)
  • Return the completed form to: Kansas Department of Revenue, 915 SW Harrison Street, Topeka, KS 66625-9000 or FAX to 785-291-3614.
  • Include information on the date the business was closed
  • Make sure all tax filings are current
  • If you had no business activity to report for certain periods you may use the online applications for zero-based filing
  • Make sure all outstanding taxes are paid