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How long does setting up LLC take?

Depending on how fast the state processes business filings, it can generally take between a week to ten business days. In some states, once your intake information is received, the state agency often issues approval for the limited liability company within only three business days.

How long does it take for an LLC to be approved in Kentucky?

What is the processing time for business filings? With the exception of annual reports, documents are usually processed the same day they are received, but it may take up to three business days.

How do I renew my LLC in KY?

In order to reinstate, an entity should: Print a Reinstatement Application through the online Organization Search; Mail or hand deliver the Reinstatement Application to the Secretary of States office. Pay any delinquent filing fees.

Does Kentucky have a pass-through entity tax?

INCOME TAX: PROPRIETORSHIPS AND PASS-THRU ENTITIES Corporate partners involved with a pass-through entity doing business in Kentucky are taxed on the distributive share of the pass-through entities income.

What taxes does an LLC pay in Kentucky?

The Kentucky Limited Liability Entity Tax (KY LLET) serves the same purpose. The tax is calculated using the lesser of $0.095/$100 of Kentucky gross receipts or $0.75/$100 of Kentucky gross profits. Regardless of which calculation method is used, business owners are required to pay a minimum Kentucky LLET of $175.

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