More specifically, corporations, LLCs, and certain other types of business must file organizational documents with the Kentucky Secretary of State . Check the Kentucky Small Businesses Near Me Filings section of the SOS website for more details. You may need to obtain one or more state licenses or permits, or complete one or more kinds of state registration, as part of the start-up process. Here’s a quick look at some of the main informational resources available and a few of the steps you may need to take.
He has applied for federal relief, but that money has yet to materialize. If and when that money does arrive, it probably won’t do much good for Kueber’s business, he said. Gray applied for multiple forms of federal relief from the Small Business Administration at the beginning of April, but so far no money has come through, she said. Utilities alone at her empty Louisville shop were nearly $400 last month. If the shutdown extends beyond May, Gray said she’s not sure how she’ll pay. Melissa Gray’s dreams of a new barbershop dynasty were just starting to take shape before the pandemic hit.
This article covers only the very tip of the iceberg regarding small business licenses and registrations in Kentucky. You can find much more information in the many other articles in the Small Business section here on Nolo.com. Many of those articles are part of 50-state series—so you can get plenty of information that’s specific to the State of Kentucky. You can also find expanded information in many Nolo books, such as Legal Guide for Starting & Running a Small Business, by Fred S. Steingold, and The Small Business Start-Up Kit, by Peri Pakroo. Many small businesses don’t simply operate under the names of their owners. In addition, some businesses, such as corporations and LLCs, may originally register with the state under one name , but later choose to operate under another name.
In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation. If you are marketing to small businesses or starting a new business in Maine, this would be useful information, wouldn’t it? If you are marketing to small businesses or starting a new business in Louisiana, this would be useful information, wouldn’t it? We hope this information is helpful to those of you who are selling to small businesses. Please note that more current small business statistics for Kentucky may be available.
Capital Access Corp. allows clients to tap in to long-term, fully fixed, fully amortized business loans for real estate and/or equipment at a low interest rate via the SBA 504 loan program from the U.S. The program allows the client an added benefit by requiring as little as 10 percent equity in to the total project costs. The program focuses on existing business and start-up businesses, from acquiring existing real estate or even ground up construction, machinery & equipment as well as development and professional fees. Operational licenses 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 legally operate.
If you choose not to register your company as a business entity, you will be held personally responsible for the debts and liabilities of your business. A corporation is a separate legal entity that is owned by its shareholders. Corporations have more formal regulations than LLCs and tend to be more attractive to investors. Most large companies like Apple fall under the corporate category. Find out which business structure is right for your new business in Kentucky. If you’re a woman in business, find funding, tools, and resources with this great Women in Business series.