Every state has unique rules for forming an LLC (Limited Liability Company) and Kentucky is no exception. Knowing the rules can help the formation process go more smoothly. Here’s an introduction to Kentucky’s LLC requirements.
Naming your KY LLC
Your LLC’s name must contain the words "Limited Liability Company" or "Limited Company." You can opt to use one of the following abbreviations: LLC, LC or LTD CO. Your chosen name must be distinguishable from any name of any existing business on record with the Office of the Secretary of State.
The following are Kentucky’s requirements for the members/managers of LLCs:
- Minimum number. A Kentucky LLC must have at least one member.
- Residence requirements. Kentucky does not have a provision specifying where members or managers must reside.
- Age requirements. Kentucky does not have age requirements.
- Inclusion in the Articles of Organization. Member or manager names and addresses are not required to be listed in the Articles of Organization.
Requirements for the Articles of Organization
An LLC is formed in Kentucky by filing the Articles of Organization and paying the state-imposed fee. The articles must state whether the LLC will be member-managed or manager-managed.
The name and the street address of the LLC’s in-state Registered Agent must be included on the Articles of Organization. The Registered Agent must have a physical address in the state of Kentucky—a post office box is not acceptable. Your agent must be available during normal business hours to accept Service of Process and other important legal and tax documents directed to the LLC.
Other filings required at time of incorporation
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the LLC formation in a local newspaper or an initial report filing. Kentucky is one of those states. Kentucky requires the following:
- County filing. After the LLC is formed, one copy of the Articles of Organization must be filed with the county where the LLC’s registered office is located.
Professional services businesses
Kentucky allows professionals, such as accountants, attorneys, and physicians, to form a professional limited liability company (PLLC).