incorporate in KentuckyIt’s off to the races this week in our 50 states of incorporation series with a look at the Bluegrass State, Kentucky! The 26th most populous state in the United States, Kentucky is noted for its bourbon distilleries, automobile manufacturing, tobacco, and horse racing, the latter of which is a $3 billion dollar industry and noted for its highly successful yearly Kentucky Derby Run for the Roses event. Today we’re taking a closer look at what it means to incorporate in Kentucky.

Home to Toyota’s Motor Engineering & Manufacturing in North America, Kentucky has been ranked #34 on the best states to do business in according to Forbes with the cost of doing business 10.6% below the national average. gave Kentucky a B- on small business friendliness with the ease of hiring, labor, employment and zoning all in the general B range. One of the biggest perks for those who incorporate in Kentucky is that the cost of business ranks at #9 of the 50 states and employment consistently on the rise, with more than 14,000 new jobs created in 2012, according to the Kentucky Cabinet for Economic Development.

It’s the combination of quality of life, location, progressive incentive programs, and manufacturing confidence along with the state noted for working hard to take care of business that make starting a business in Kentucky key for entrepreneurs. If you’re ready to form an LLC or incorporate in the Bluegrass State, check out a few of our pointers below!

When forming an LLC in Kentucky, remember:

  • State filings are typically completed in 3 days.
  • For Limited Liability Companies doing business in Kentucky, the phrase ‘Limited Liability Company,’ or the abbreviations ‘LLC,’ ‘LC,’ or ‘LTD CO’ must come after the name of the business.
  • LLCs need a registered agent service in place, as someone who either lives within Kentucky or a company authorized to do business there, and cannot act as their own RA. Additionally, RAs must fill out and send in a Statement of Consent on behalf of the business.
  • Annual reports must be filed between January 1st and June 4th every year following the calendar year during which the LLC was formed.

For corporations being formed in Kentucky:

  • A business address isn’t required by the state for companies located in Kentucky.
  • State filings are typically completed in 3 days.
  • Director information is required on the Articles of Incorporation.

On your mark, get set, go! If Kentucky sounds like the state you want to form a limited liability company or incorporate in give us a call at (877) 692-6772!

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