1. Verify your company’s status: Make sure your company complies with all state regulations before applying for a certificate of good standing. This includes making all required tax and fee payments and filing all required reports. On the Kentucky Secretary of State website, you can look up the status of your company.
2. Request a certificate of good standing: After ensuring that your company is compliant, you can ask the Secretary of State’s office for a certificate of good standing. This can be done by mail or online. $15 is required to obtain a certificate of good standing.
3. Provide tax account information: You must also provide your company’s tax account information when requesting a certificate of good standing. This information contains your company’s legal name, Kentucky Department of Revenue account number, and the day your company was founded. Wait for processing: Following the submission of your request and payment, you must wait for processing. Your certificate of good standing may arrive in up to five business days.
It’s crucial to comprehend a few additional vital phrases relevant to doing business in Kentucky in addition to the information mentioned above. Information on your company’s tax accounts with the state is referred to as tax account information. It contains information on your company’s account number, the day you started it, and its legal name.
A business structure known as a “pass-thru entity” enables the owners’ personal tax returns to “pass through” the business’s income. Partnerships and S corporations are two instances of pass-through companies.
Finally, you might need to submit a “doing business as” (DBA) certificate to the state if you are conducting business under a name that is distinct from your legal name. Depending on the county where you are doing business, Kentucky’s DBA filing fees typically range from $15 to $50.
In conclusion, obtaining a certificate of good standing in Kentucky requires verifying compliance with state laws, submitting a request and payment, and then waiting for processing. You may successfully conduct business in Kentucky by becoming familiar with words like tax account information, pass-through entities, KY LLET numbers, and DBAs.
You must submit a DBA (Doing Business As) application to the Kentucky Secretary of State if you conduct business in Kentucky under a name other than your legal name. The state needs this registration in order to keep track of the commercial companies functioning under its control. You do not, however, require a DBA in Kentucky if you are not utilizing a different name.