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Forming an LLC in Kentucky
Forming an LLC in Kentucky is quite easy, and if you want any assistance there are many reputable incorporation companies that will help you for a moderate fee. Hiring an attorney to go over the Operating Agreement is not a legal requirement in Kentucky, but strongly recommended since an improper Operating Agreement can lead to IRS problems.
Forming an LLC in Kentucky in 5 easy steps
- Before you can do anything else, you must first decide what to call your company. According to Kentucky state law, the name must contain an LLC identifier, i.e. the words “Limited Liability Company” or an abbreviation thereof. You must pick a name that is not already used by another LLC and you must of course refrain from any trademark violations.
- Once you have picked a name, you can proceed to filing the Articles of Organization with the Kentucky State filing office.
- The third step is to hold an organizational meeting where the members of the LLC adopt an Operating Agreement.
- During step four of forming an LLC in Kentucky, a Federal Employer Identification Number (FEIN) should be acquired for the LLC and a company bank account should be opened.
- Last but not least, the LLC must obtain a local business license for each city or county that business will be conducted in.
Important facts to take into consideration before forming an LLC in Kentucky
- The minimum Kentucky LLC state filing fee is no higher than $50.00. (For 15 business days.)
- The Annual Report is due June 30th each year and the Annual Report fee is no more than $15.00.
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