You can begin a Kentucky Llc immediately by filing the Articles of Organization with the Secretary of State. The fee to register an LLC in Kentucky is $100. First, come up with some ideas. Use the suggestions in this article to come up with a name that is memorable enough to be included in the Articles of Organization.
Next, ensure that your name fits Kentucky laws: it must include the word limited liability company, LLC, or another word that defines it as a business entity. It must also contain the abbreviated form of the name (it). If you don't know these rules, contact a Kentucky Secretary of State business bureau. If you don't have an account, visit the Secretary of State's website and use the online name search function to find out if you need a Business License.
Once you have found the appropriate name, prepare the Articles of Organization, which will be filed with the Kentucky Secretary of State. The Articles of Organization must include the name of the LLC, a word describing the nature of the business entity, and the LLC's address and telephone number. Add the name of the registered agent of the LLC and any additional business address or email address, that is required. Note that all LLCs are required to have a registered agent, which is listed on the Articles of Organization. Also note that all LLCs are required to have a day-time telephone number that can be easily verified.
Forming a Limited Liability Company in the State of Kentucky
The Articles of Organization will also set forth the operating agreement of the LLC. The most common operating agreement is a written contract between the members of the LLC. However, other operating agreements may be used as well. If you are creating the LLC in Kentucky, you must use the form certified by attorney. This will ensure that all of the necessary filings are made and that the LLC is properly established and continues to meet the requirements of the law.
The Articles of Organization should include the name of the LLC, its address, and its date of dissolution. All of the information required should be complete and accurate. The name should be inserted at the end of the article and in the Title line if it is a certified form KLC. All of the other information required should also be included. All of this information should be submitted to the Kentucky Secretary of State through the online filing system known as the Easy-fill system.
Forming a Limited Liability Company in the state of Kentucky is a very straightforward process. It does require that certain formalities are met. The most important thing to remember when forming an LLC in Kentucky is that it is a completely separate entity from your own personal assets. This means that you will need to file a separate tax return with the IRS. This report is called an "assumption of liability" and must be filed with the IRS on your individual income tax return.
When you have established an LLC in the state of Kentucky, you will then choose a name for your business. You can select either a business name or a name similar to your business. Once you have chosen your business name, you will fill out the forms to incorporate your new company. A limited liability company will have to submit its Articles of Organization to the appropriate authority in the state in order to continue operating.
Operating a business involves a lot of work, and it is best to hire a professional to handle all aspects of the business. Many individuals fail to take advantage of the opportunities available through forming an LLC in Kentucky because they do not know all the necessary legal documents that are required to make it happen. Make sure that you do not become one of these individuals after you start your business, as the process can be complicated and time consuming.
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