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Just follow these six steps, and youll be on your way. Name Your Kentucky LLC. Choose Your Registered Agent. Prepare and File Articles of Organization. Receive a Certificate From the State. Create an Operating Agreement. Get an Employer Identification Number.
The professions that require a PLLC instead of a normal LLC are described by the state of Kentucky as services rendered by physicians, osteopaths, optometrists, podiatrists, chiropractors, dentists, nurses, pharmacists, psychologists, occupational therapists, veterinarians, engineers, architects, landscape architects,
Advantages Members of a PLLC arent personally liable for the malpractice of any other member. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent. The PLLC can choose to be taxed as a pass-through entity or as a corporation.
What is a Kentucky PLLC? A Kentucky PLLC is a limited liability company (LLC) formed specifically by people who will provide Kentucky licensed professional services. LLCs in general are businesses registered with the state that consist of one or more peoplecalled LLC memberswho own the business.
Just follow these six steps, and youll be on your way. Name Your Kentucky LLC. Choose Your Registered Agent. Prepare and File Articles of Organization. Receive a Certificate From the State. Create an Operating Agreement. Get an Employer Identification Number.
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How to Start an LLC in Kentucky Choose a Name for Your LLC. Appoint a Registered Agent. File Articles of Organization. Prepare an Operating Agreement. Obtain an EIN. File Annual Reports.
Like S corporations, standard LLCs are pass-through entities and are not required to pay federal income tax. However, in Kentucky, LLCs are required to pay the LLET. The LLET aside, income from the LLC is distributed to individual members, who then pay federal and state taxes on the amount distributed to them.
LLCs, PCs and PLLCs provide additional legal protection compared to a sole proprietorship by separating personal assets from your business assets in the case you were to get sued.
Professional Limited Liability Companies With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals.
Articles of Organization are also called a Certificate of Formation in some states. It is a document filed with the appropriate state when registering a limited liability company (LLC). An Operating Agreement is the document LLC members look to when they need to resolve issues or disputes within the company.

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