Form Kentucky LLC- Limited Liability Company

Kentucky LLC Formation

Forming a Kentucky LLC will require a few simple procedures. The application process can be done though the state office, a registered agent or a professional formation company on the internet. The initial processing fee is $50. Consulting with a lawyer to go over your application forms is important in order to guard against any potential problems with the IRS as per state llc regulations.

Forming a Kentucky Limited Liability Company:

Forming an Kentucky Limited Liability Company requires 3 easy steps:

Selecting a Company Name: this involves choosing unique a name that will be cross-referenced with the state's office to ensure no other company is registered under such a name. Once approved, it enters into the system
Organizing: the potential members then meet to decide on a set of bylaws and policies to be included in the articles or organization
Filing Articles:The Articles of Organization must include the name of the LLC, its physical address, names of its members, its purpose and the name and street address of the initial registered agent

Why form an LLC in Kentucky

There are several advantages to forming an LLC in the State of Kentucky such as:

Pass Through Taxes - the LLC pays no direct taxes as these taxes pass through to the members
Protection of Assets - private assets of all members are protected from any legal or financial actions taken against the LLC
Flexible Profit Sharing - LLC members determine how to distribute profits amongst themselves