Starting a Business in Kentucky
LLC filing: $40 | Corp filing: $40 | Business-friendly score: 6.8/10
Business Environment at a Glance
6.8/10
Business-Friendly Score
4.5%
Income Tax
6%
State Sales Tax
$7.25
Minimum Wage
Business Filing Fees in Kentucky
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $40 | One-time, filed with Secretary of State |
| LLC Annual Fee | $15 | Due annually to maintain good standing |
| Corporation Filing Fee | $40 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $15 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 4.5% |
| Corporate Tax Rate | 5% |
| State Sales Tax | 6% |
| Max Local Sales Tax | 0% |
| Minimum Wage | $7.25/hr |
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Kentucky Special Requirements
- Annual report required with Secretary of State ($15)
- Kentucky Sales and Use Tax permit required for retail
- Occupational license tax required in Louisville and other cities
- Workers compensation required for most employers