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What are the requirements to form an LLC in Kentucky? You must file articles of organization, appoint a registered agent, and pay a filing fee of $40 (or $60 for expedited service). An operating agreement is recommended but not required.
Start My Business Step 1: Choose a name and structure. ... Step 2: Register your business. ... Step 3: Get your tax numbers. ... Step 4: Insurance requirements. ... Step 5: Licenses and permits. ... Step 6: Employer responsibilities. ... Step 7: Identify regulations for your business.
If your Kentucky LLC was administratively dissolved by the Kentucky Secretary of State (SOS), you can reinstate at any time. You just have to complete and submit the Reinstatement Application.
A dissolved business can't operate or conduct business other than that which is necessary to wind up its affairs and liquidate its assets.
The Secretary of State shall file the original of the certificate and advise the entity of that determination. (3) An entity administratively dissolved continues its existence but shall not carry on any business except that necessary to wind up and liquidate its business and affairs.
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority.
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 maximum penalty is for the LLC to be administratively dissolved or terminated. This means that the LLC's right to conduct business is ended and the only action the LLC can lawfully take is to wind up its affairs, pay its remaining debts and distribute the remaining assets to the owners.