If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Kentucky is easy, fast, and affordable.
| Kentucky LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| Kentucky Filing Fee | $250 |
| Total | $349 |
The LLC name must contain a designator: “limited liability company” or “limited company” or the abbreviations “L.L.C.” or “LLC”. The LLC name can not contain the words “association”, “corporation”, “incorporated”, or an abbreviation of those words.
You will need to provide the name of your LLC, the Registered Agent’s name and physical address, and the name of the organizer (the person forming the LLC).
When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Kentucky.
It’s not hard at all. LLCs are required to file an Annual Report with the Kentucky Secretary of State each year. Your Kentucky LLC Annual Report is due by June 30 each year. The Annual Report can be filed anytime between January 1 and June 30. The filing fee is $15 The report and fee can easily be filed and paid online.
Forms you need to amend your LLC and/or change your Registered Agent are available online, and the fees are typically around $10 if filed online.
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Kentucky very easy.
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