Before you can register your business you’ll need to choose a legal structure and a name. Registration with the Secretary of State and Department of Revenue In order to legally conduct business in Kentucky most businesses are required to register with the Kentucky Secretary of State and the Department of Revenue.
How do I start a small business in Kentucky?
Steps to Starting a Business in Kentucky
- Step 1: Choose a Business Idea. …
- Step 2: Write a Business Plan. …
- Step 3: Select a Business Entity. …
- Step 4: Register a Business Name. …
- Step 5: Get an EIN. …
- Step 6: Open a Business Bank Account. …
- Step 7: Apply for Business Licenses & Permits. …
- Step 8: Find Financing.
How much does it cost to register your business in KY?
To form an LLC in Kentucky you will need to file the Articles of Organization with the Kentucky Secretary of State, which costs $40. You can apply online, by mail, or in-person. The Articles of Organization is the legal document that officially creates your Kentucky Limited Liability Company.
How much does it cost to get a small business license in Kentucky?
Business license application and renewal fees are paid every year in Kentucky. Fees can start at $10.00 annually and grow into thousands of dollars depending on the county, type of services the business offers, and the number of employees.
Does Kentucky require a business license?
Kentucky does not have a statewide business license that applies to all businesses, but certain types of businesses are required to have a special license or permit to legally operate their business. In some cases, more than one license may be required.
How much does an LLC cost in Kentucky?
How much does it cost to form an LLC in Kentucky? The Kentucky Secretary of State charges $40 to file the Articles of Organization. You can reserve your LLC name with the Kentucky Secretary of State for $15.
How much does it cost to start a sole proprietorship in Kentucky?
The filing fee is $20. You can find contact information for each county from the Kentucky Association of Counties. Kentucky does not require a general business license for a sole proprietor to operate a business. However, depending on your business activities, you may need an occupational or professional license.
How long does it take to get LLC in KY?
How long will it take to form my Kentucky LLC? If you order the Basic or Standard package, we will file your paperwork with the Kentucky Secretary of State within four to five business days and you’ll receive your completed LLC documents one to two weeks later.
How do I get a tax ID number in Kentucky?
To obtain an EIN number immediately, apply online (available for most businesses) or call the IRS at (800) 829-4933. Before you call, it is highly recommended that you first review IRS Form SS-4 and Form SS-4 Instructions so you will be prepared to answer the questions that the IRS will ask about your business.
Who should be your registered agent?
In most states, the agent can be an individual who is at least 18 years old, or it can be a company that provides registered agent services. A corporation or LLC cannot act as its own agent, but in most states, one of its employees or owners can be the agent.
Do I need a business license to sell on Etsy in Kentucky?
Etsy doesn’t require sellers to have a business license to sell products via its platform. … Generally, sales tax registration is required when a seller has either economic nexus or a physical presence in the state.
Is an LLC and a business license the same thing?
A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.
Do you need a business license for Photography in Kentucky?
ALL photography BUSINESSES NEED A BUSINESS LICENSE.
A business license (starts at $39) is required by 100% of all businesses in KY.