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Once you've gathered all of your information together and filed your Articles of Organization (or had Incfile do it for you), it can take up to 3 business days for the Kentucky Secretary of State to legally form your LLC, however most are formed within the same business day.
Who needs to register their business? In most cases, all businesses in Kentucky are required by law to register with the Office of the Secretary of the State, the Department of Revenue, the Office of Employment Training, the Internal Revenue Service and with local municipalities to obtain business licenses and permits.
Kentucky doesn't 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 operate legally. In some cases, more than one state license may be required.
Form a Kentucky Corporation: Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account. File State Reports & Taxes.
Kentucky Personal Income Tax Much like the corporate tax rate, the personal income tax rate in Kentucky is a flat rate of 5%, providing the advantage of simplicity around tax time for LLCs due to their default pass-through taxation.
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.
A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by fax, mail, phone or in person, but we recommend faxing. Normal processing takes up to 3 days, plus additional time for mailing, and costs $5 certification fee, plus $5 for the first five pages and $. 50 per page thereafter.
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.