Starting a business (or buying an existing business) requires an understanding of local, state and federal requirements to legally operate the business. The required permits, licenses and registrations can vary depending on the type of business, how the business is structured, where the business is located, etc.
In general, here are the steps that most businesses need to consider when starting
and operating a business in Kentucky (click on each link for more detailed information):
-
Determine if you need a special
license or permit to operate your business
-
Choose a legal business structure
and name
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Obtain an Employer Identification
Number (EIN) from the IRS and understand your federal tax obligations
-
Register with the Kentucky
Department of Revenue and understand your state tax obligations
-
Obtain a local business license/register
for local taxes
-
If you hire employees, determine
your employer responsibilities
-
Environmental permitting
and regulations
-
Other business regulations and ordinances
The Economic Development Cabinet’s Business Information Clearinghouse provides free assistance regarding business permitting and licensing issues. For additional information or assistance, please email
cedsbsd@ky.gov or call (800) 626-2250.
Additional Resources
Kentucky Business Guide
http://www.thinkkentucky.com/kyedc/pdfs/bicguide.pdf