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An Example of a UCC Lien Filing If you secure equipment financing, the lender will file a UCC lien to state that if the debt for the espresso machine is not repaid, the lender has the right to repossess the espresso machine or seize other assets from your business.
A UCC filing is the official notice lenders use to indicate that they have a security interest in a borrower's assets or property. The UCC filing establishes a lien against the collateral the borrower uses to secure the loan ? giving the lender the right to claim that collateral as repayment in the case of default.
How much is a Kentucky Business License? Kentucky doesn't have a general business license at the state level, so there are no fees there. However, your business may need a state-level occupational license or municipal-level license or permit to operate.
Uniform Commercial Code UCC-1, UCC-3, UCC-5FeeUCC-11Pages 1 and 2 together$8.00Search FeePage 3$2.00Document Request (Each Page)Pages 4 and beyond$1.00Certification Fee (Per Document)3rd Debtor and beyond$2.002 more rows
What is the fee to file a UCC-1 financing statement? There is a $10.00 filing fee for UCC-1 financing statements consisting of no more than two pages. The filing fee for UCC-1 financing statements over two pages is $20.00.
Kentucky LLC Cost. To start an LLC in Kentucky, the state fee is $40 to file your LLC Articles of Organization online or in-person. Along with the fee you'll pay to the Secretary of State, you'll also have to pay $15 every year when you file your annual report.
?The Uniform Commercial Code (UCC) division of the Secretary of State's office serves as the state repository for financing statements regarding security interests under Kentucky Revised Statutes Chapter 355, Revised Article 9.