How to obtain professional legal documents that adhere to your state's regulations and create the Kentucky Limited Liability Company Without A Written Operating Agreement without consulting an attorney.
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All LLC's should have an operating agreement, a document that describes the operations of the LLC and sets forth the agreements between the members (owners) of the business. An operating agreement is similar to the bylaws that guide a corporation's board of directors and a partnership agreement.
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.
To form an LLC in Kentucky, you'll need to choose a business name, appoint a registered agent, and file Articles of Organization with Kentucky's Division of Business Filings. The articles cost $40 to file, and you can mail them in, file online, or submit them in person to the Secretary of State.
Get together with your co-owners and a lawyer, if you think you should (it's never a bad idea), and figure out what you want to cover in your agreement. Then, to create an LLC operating agreement yourself, all you need to do is answer a few simple questions and make sure everyone signs it to make it legal.
An LLC operating agreement is not required in Kentucky, but is highly advisable. This is an internal document that establishes how your LLC will be run. It sets out the rights and responsibilities of the members and managers, including how the LLC will be managed.