Share:

If you plan on starting a business in Kentucky, it’s important to educate yourself on the rules and regulations running a company in the state entails. Doing so will help you avoid making errors that can cost your organization money. The legal professionals at Williams, Hall & Latherow, LLP in Ashland, KY, share some frequently asked questions and answers about Kentucky business law in the sections below. 

A Guide to Kentucky Business Law

1. Who Needs to Register Their Business?

In general, all businesses have to register with the Office of the Secretary of the State, the Department of Revenue, the Office of Employment Training, and the Internal Revenue Service. Some businesses, such as doctors and contractors, need permits and licenses to operate and must obtain these through local municipalities. 

2. What Information Do I Need to Register My Business?

business lawTo register your business, you must have the following information:

  • The business structure
  • The name of the business
  • The business’s address
  • The contact information for business representatives
  • A short description of the business purpose for a domestic nonprofit corporation and nonprofit limited liability company
  • A valid email address
  • A form of payment

3. What Does It Mean That Kentucky Is a Right-to-Work State?

In a nutshell, employees aren’t required to join unions or pay union dues to get jobs. They are also allowed to cancel their union memberships when they want without getting terminated from their jobs. 

4. Do Employers Have to Buy Workers’ Compensation Insurance?

Employers who have one or more employees working for them are required by business law to purchase workers’ compensation insurance. Kentucky doesn’t have a state-run insurance program, so it’s up to employers to get insurance to protect their workers.

If you have additional questions about running a business in Kentucky, consult with a lawyer. Since 2000, the attorneys at Williams, Hall & Latherow, LLP have been handling cases in business law, insurance, and personal injury. The lawyers at this law firm take the time to listen to their clients’ needs and then offer sound solutions. To schedule a consultation, call (606) 329-1919 or visit their website for more information.

tracking