What are the requirements for incorporating a for-profit corporation in the State of Kentucky?
The corporate name must include the word "corporation", "incorporated", "limited", "company" or an abbreviation thereof. The name shall not contain language stating or implying that the corporation is organized for a purpose other than that permitted by the act or the articles. The name shall be distinguishable upon the records of the Secretary of State from the names of existing business entities. The corporation may use one of these names if another corporation consents in writing or in certain other circumstances.
The Articles of Incorporation must be prepared in compliance with Kentucky statutes, according to the specific needs of each corporation. One original and two copies must be submitted to the Secretary of State for filing, along with the correct filing fee and organizational tax.
After filing, the corporation will receive two file-stamped copies of the Articles. One file-stamped copy must then be filed with the county clerk of the county where the corporation's registered office is located.
Incorporating will require you to obtain additional license numbers and permits, such as federal and state withholding accounts and corporation license and tax numbers.
What is the filing fee for Kentucky for-profit corporations?
The State tax and filing fee is $50.
What are the requirements for incorporating a nonprofit corporation?
The corporate name must contain the word "corporation", "incorporated", or the abbreviation "inc.", or the word "company" or the abbreviation "co.", but if the word "company" or the abbreviation "co." is used, it may not be immediately preceded by the word "and" or the symbol "&". The name shall be distinguishable upon the records of the Secretary of State from the names of existing business entities.
If the corporation intends to apply for tax-exempt status, they should contact the Internal Revenue Service prior to filing Articles of Incorporation. In such cases, the IRS may require that certain information be set out in the Articles. When you incorporate, indicate that you are filing as a non-stock, non-profit corporation. Once you receive your non-profit tax status from the IRS, you must apply to the Kentucky Revenue Cabinet for a purchase exemption number.
The Articles of Incorporation must be prepared in compliance with Kentucky statutes, according to the specific needs of each corporation. One original and two copies must be submitted to the Secretary of State for filing, along with the correct filing fee and organizational tax.
What is the filing fee for Kentucky nonprofit corporations?
The State tax and filing fee is $8.
What are the requirements for forming a limited liability company in Kentucky?
The LLC name must contain the words limited liability company, limited company, or the abbreviations L.L.C., LLC, LC or L.C. The name cannot be the same as or deceptively similar to the corporate name of a domestic corporation or a foreign qualified corporation.
The Kentucky Limited Liability Company Act establishes the guidelines and requirements for the formation of a Limited Liability Company. The LLC must file an annual report with the Secretary of State between January 1 and June 30 of the year following the calendar year in which the company was organized, and each year thereafter.
The Articles of Organization must be prepared in compliance with Kentucky statutes. One original and two copies must be submitted to the Secretary of State for filing, along with the correct filing fee and organizational tax.
What is the filing fee for limited liability companies?
The State tax and filing fee is $40.
The foregoing summary is provided for information purposes only and is not to be considered legal or business advice. The information may not be complete, accurate or applicable for any particular situation and should not be relied upon.
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