Limited Liability Companies – Kentucky

By | February 7, 2008

Address of state office for filing:
Secretary of State
P. O. Box 718
Frankfort KY 40602-0718

Telephone: 502-564-2848
State web address: http://www.lrc.state.ky.us/
State law reference: Kentucky Revised Statutes, Chapter 275.
Title of filing: Articles of Organization.
Filing Fee: $40 to Secretary of State.
Name requirements: The official name must contain the words “Limited Liability Company,” “Limited Company,” or the abbreviations “LLC” or “LC.” The word “Limited” may be abbreviated as “Ltd” and the word “Company” may be abbreviated as “Co.” If the company will offer professional services, the word “Professional” or the abbreviation “P” must precede the name. (Section 275.100). A company name may be reserved for 120 days for a fee of $15. (Section 275.105).
Organizer requirements: A limited liability company may be organized by one person. The organizer need not be a natural person, nor a member. (Sections 275.020, 275.015(15)).
Articles of Organization requirements: Articles of Organization must contain the following: (1) name of company, (2) registered agent name and office address, (3) the mailing address of the company’s principal place of business, (4) whether company will be managed by managers or members, (5) duration of company, if less than perpetual, (6) company purpose, if the company will render professional services, and (7) any other matters. (Section 275.025).
Annual report requirement: Yes, to Secretary of State. (Section 275.190). $15 filing fee.
Publication requirement: No.
Effective date of limited liability company organization: On the date of official approval of Articles of Organization, the company becomes a legal entity and the members are shielded from personal liability. The effective date may be delayed up to 90 days after the official approval date if stated in the Articles of Organization. (Section 275.060).
Membership requirements: Minimum number required is one. The member may be a natural person or a business entity. (Sections 275.015(11), 275.015(16)).
Other: The company must deliver to the Secretary of State the registered agent’s written consent to the appointment along with the Articles. (Section 275.025). No member of the company has a vested property right resulting from any provision of the Articles.(Section 275.025).