How to Start a Small Business in Kentucky
To start a business in Kentucky, use the official Kentucky Business One Stop Portal at onestop.ky.gov to choose a business structure (like an LLC), register your business name, and apply for necessary licenses and permits. You’ll also need to obtain a federal Employer Identification Number (EIN) from the IRS and register for sales tax if you sell goods.
1. Plan Your Business
- Create a business plan:
This helps you outline startup costs, marketing strategies, and financial projections, which is useful for potential investors and lenders.
- Choose a business structure:
Decide if you want to be a sole proprietorship, partnership, LLC, or corporation
Register your business name:
Use the Kentucky Secretary of State website to check if your desired name is available and then register itFile formation documents:For an LLC, file Articles of Organization with the Kentucky Secretary of State.For a corporation, file Articles of Incorporation.You can use the Kentucky Business One Stop Portal to do this online
Register with the Kentucky Department of Revenue and apply for a sales tax account if you will be selling goods or taxable services.