Form a Kentucky Corporation – Form a corporation in Kentucky – Form a Kentucky S corp

Sun Corporate Filings can help you form a Kentucky corporation with the Kentucky Secretary of State on an expedited basis. To form a corporation in Kentucky or form a Kentucky subchapter S corporation, you must file the Kentucky Articles of Incorporation with the Kentucky Secretary of State. Sun can incorporate your Kentucky S corporation or register your C corporation in Kentucky so you can spend your time focusing on your Kentucky corporation's success.

We can form a Kentucky general stock corporation or a Kentucky Subchapter (Kentucky S Corp.) corporation for you at a low cost. Let us make the Kentucky incorporation process quick and painless for you by preparing and filing the Kentucky Articles of Incorporation with the Kentucky Secretary of State on your behalf. Questions? 888 595-2747

To form a Kentucky corporation online, click here to see the costs and time turnaround options for Kentucky corporations.

How do I form a Kentucky Corporation?

There is no need to ask, "How do I form a Kentucky Corporation?" because we know how to incorporate in Kentucky form start to finish. First, we check corporate name availability with the Kentucky Secretary of State. Second, we prepare the Kentucky Articles of Incorporation. Third, before we form the Kentucky corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the Kentucky Secretary of State. Fifth, when the Kentucky Secretary of State files the Kentucky Articles of Incorporation, we will return the filed document to you. We make forming a corporation in Kentucky simple and fast!

What are the advantages of forming a Kentucky Corporation?

There are many advantages of forming a Kentucky corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the Kentucky corporation form purchasing stock. Since the Kentucky corporation is an independent legal entity, the Kentucky corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a Kentucky corporation, the owners (shareholders) are not personally liable for the debts and obligations of the Kentucky corporation. Ownership in a Kentucky corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the Kentucky corporation itself. Another advantage of forming a Kentucky corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Kentucky Corporation?

After we form a Kentucky corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Kentucky corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your Kentucky corporation. If you purchase our Kentucky premium package, EIN obtainment is included for your Kentucky corporation.

How do I form a Kentucky S Corporation?

If you want to form a Kentucky S corporation or Kentucky sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your Kentucky S corporation starts as a general stock corporation (C corporation). To obtain or to form a Kentucky S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a Kentucky S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about Kentucky C corporations below. By obtaining S corporation status in Kentucky, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the Kentucky S corporation's shareholders include their share of the Kentucky Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in Kentucky?

Generally most people form Kentucky C corporations that plan on publicly trading the corporation's stock. Since Kentucky S corporations cannot have more than 75 shareholders, choosing to maintain a Kentucky C corporation allows for 76 shareholders or more. A Kentucky C corporation can have multiple classes of stock such as preferred and common shares. A Kentucky C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find Kentucky S corporations desirable. However, a Kentucky S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a Kentucky corporation online, click here to see the costs and time turnaround options for Kentucky corporations.

How do I obtain or prepare corporate bylaws for my Kentucky Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your Kentucky corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your Kentucky corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my Kentucky corporation?

The corporate bylaws serve as a blueprint for your Kentucky corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most Kentucky bylaws contain the number of directors and their names. Kentucky bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of Kentucky corporation bylaws is to create "rules" on how the Kentucky corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most Kentucky bylaws will reference a list of shareholders in alphabetical order that includes Kentucky shareholder's names, addresses, titles held with the Kentucky corporation, and the amount of shares the shareholder owns in the Kentucky corporation.

What is a Kentucky corporate seal?

After the Kentucky corporation prepares its bylaws or has Sun prepare the bylaws, the Kentucky corporation will need a corporate seal. What is a Kentucky corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the Kentucky corporation was formed. Many banks and other lending institutes require Kentucky corporations to possess and use a corporation seal on business documents or loan papers. All Kentucky corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a Kentucky corporation kit?

The Kentucky corporate kit is typically a hardbound binder that contains all of the Kentucky corporation's important documents such as the Kentucky Articles of Incorporation and bylaws. All the Kentucky corporation kits that Sun sells include having the Kentucky corporation's name hot stamped (professional imprint of the Kentucky corporation's name) on the spine. Most Kentucky corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a Kentucky corporate kit is stock certificates. All of the Kentucky corporate kits that Sun sells contain 20 custom stock certificates that include the Kentucky corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your Kentucky corporation, you can order a Kentucky corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Kentucky corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the Kentucky bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your Kentucky corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Kentucky corporation.

To form a Kentucky corporation online, click here to see the costs and time turnaround options for Kentucky corporations.

We wish you the best with your Kentucky corporation business venture! Questions? 888 595-2747