Kentucky Annual Report Requirements
Kentucky business entities registered must file annual reports with the Secretary of State for transparency and compliance. Corporations, LLCs, partnerships, and LLPs have a June 30 deadline. Sole proprietors and partnerships do not file.
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Three options to file exist: return mailed postcard; file online; or print and mail. New businesses include more information.
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Filing keeps your business in good standing. Provide legal name and address details. Online filing costs $15. First filings have more steps like reserving your name.
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Miss the deadline, pay fees in 60 days or dissolution. Extended late filing causes penalties. Reviewing compliance helps evaluate your LLC’s journey.
Compliance and Tax Considerations
- Connecticut LLCs are taxed differently than Kentucky LLCs. Both require annual reports to maintain good standing. Connecticut charges $120-$160 for Articles of Organization, Kentucky $40. The annual report fee in Connecticut varies, Kentucky’s is $15. Connecticut levies a state income tax up to 6.99%, Kentucky also levies a state income tax.
Business Licensing and Renewal
- Some cities or counties may require a business license, so check with local governments for requirements. Kentucky state law requires businesses wishing to do business under an assumed name to file a Certificate of Assumed Name with a $20 fee, renewed every five years. Secure handles. LLCs and corporations must file annual reports, $15 fee. Obtain any special licenses or permits needed to operate legally. Contact local governments to find out if a business permit is required.