Matrix-Analytic Methods in Stochastic Models

Energy Efficiency in the Urban Environment is a study of energy crisis, urbanisation, and climate change, as well as a discussion of how to combat these global.

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Some of the Services may serve geologists that Prime Publishing is on download legal guide for of relevant Services ' Licensors '. Such a document sets forth basic information about the business entity including its exact name, initial officers, and address. The statutory requirements for the formation document vary by entity type.

The small business start-up kit / by Peri H. Pakroo ; edited by Marcia Stewart - Details - Trove

For a corporation, the document is the Articles of Incorporation. There are formation documents for the various types of partnerships as well. A general partnership and a sole proprietorship need not file a formation document to begin their existence. Please see our page on Business Formation Document for more information.

Additionally, every domestic business, including a sole proprietorship, must file a Certificate of Assumed Name or similar document with the County Clerk where the entity maintains its Registered Agent for service of process or its principal office.

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Please see our page on Assumed Business Name for more information. Record Business Formation Document always necessary The Kentucky Business Entity Filing Act requires that all businesses first file particular documents with the Secretary of State and then have them recorded with the local County Clerk. The business formation document usually the Articles of Incorporation or the Articles of Organization is one such document that must be recorded. Please see our page on Business Document Recording for more information.

Legal Guide for Starting & Running a Small Business

Please see our page on Federal Employer Identification Number for more information. Draft Business Governing Document if a corporation, always necessary A business is regulated by and obligated to follow Kentucky law, its formation document, and its governing document. The governing document Bylaws, Operating Agreement, or Partnership Agreement provides a set of guidelines for the management of the business and may be drafted to meet the particular needs of the business and its owners. In Kentucky, a corporation whether for-profit or non-profit is required to have Bylaws.

While neither are required by law, they are strongly recommended. Please see our page on Business Governing Document for more information. Obtain Tax-Exempt Status if a non-profit, always necessary A non-profit corporation or a non-profit LLC may obtain an exemption from federal income taxation. This status allows the organization to obtain federal employment and Kentucky tax breaks as well. An organization must obtain federal tax exemption before donors may deduct contributions to the organization. Please see our page on Kentucky Non-Profit Registration for more information.

Obtain Sales and Use Tax Exemption if a non-profit, frequently necessary A non-profit or tax-exempt may obtain exemption from Kentucky sales and use taxes on purchases of tangible personal property, digital property, or services used within the exempt functions of the organization. Please see our page on Kentucky Business Tax Registration for more information. Register for Kentucky Business Taxation always necessary Kentucky businesses must register with the Kentucky Department of Revenue to begin tax assessment and collection.

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Obtain a County Business License always necessary If a business is located within a Kentucky county or business is located elsewhere but conducted within a Kentucky county, that county will require the business to obtain a business license to operate within its boundaries. The license will provide the county with basic information about the business so that it may be regulated and supervised. However, the main purpose of requiring the business license is so that the county may collect a tax on business profits earned and wages paid within the county.

In Lexington, the Division of Revenue is the local body in charge of issuance of business licenses and assessing license fees. A business in Fayette County must pay 2. There are strict penalties for the failure to obtain a business license or to pay required occupational fees. All counties have similar requirements.

In Louisville, the Revenue Commission is the similar entity controlling business licenses. A business in Louisville Metro must pay 2. Please see our page on County Business License for more information. Register with Local Building or Zoning Inspector always necessary All new businesses will need either to occupy an existing space, renovate an existing space, or construct a new building. In any case, the business will have to first register with the local building inspector and receive advance permits for building renovation or new construction.

Usually, registration is required for all businesses within the city or county, even for a home office. Also, a permit is usually required for all new or altered business signs. The 9th Edition of the Code , last revised in November of , is the latest edition. In Lexington, the Division of Building Inspection is the local body in charge of implementation of the Kentucky Uniform Building Code and issuance of building permits.

Notes - Small Business Management; Entrepreneurship and Beyond (5th Edition)

A permit is not required for a business going into an existing space where no remodeling is taking place; a Certificate of Occupancy is all that is required. Residential, commercial, signage, and other permits may be needed and may be purchased according to the fee schedule. It is critical to apply for and pay permit fees in advance. The penalty fee is in addition to the permit fee and is usually assessed at the same amount. Obtain All Licenses or Permits for Your Business always necessary State Registration: Many businesses and occupations require special licenses or permits to legally operate.

For certain businesses, particularly manufacturers, environmental permits are required. The Kentucky Department of Environmental Protection Division of Compliance Assistance assists businesses with such permitting and regulatory issues. Federal Registration: Federal licenses and permits are required for certain fields as well.

Review the following two lists for more information. See the U. Obtain an ABC License if seeking to sell alcoholic beverages, always necessary Before a business may sell, produce, transport, or store alcoholic beverages in Kentucky, it must obtain one or more Kentucky liquor licenses. Retail licenses are issued according to the types of beverages to be sold, the type of consumption desired, and the number of premises or bars to be licensed. Licenses remain in force for up to 1 year and then must be renewed. Hold First Corporate Meeting if a corporation, always necessary A corporation must observe statutory formalities including all meeting and minutes requirements.

Kentucky requires that all for-profit and non-profit corporations hold an initial meeting shortly after the business entity was formed to complete basic organizational tasks. In some cases, the required tasks may be completed and memorialized in signed writings in lieu of holding a formal meeting. Please see our page on Initial Corporate Meeting for more information. Establish a Business Bank Account always necessary After taking care of the above tasks, a bank will allow you to set up a business bank account to track income and expenses. You will need to provide the filed business formation document , federal employer identification number , and other documentation as relevant to prove that the business was created and is operating. When considering the type of account to open, an entrepreneur should try to predict financial attributes of the business such as the expected frequency of withdrawals and deposits.

However, a discussion concerning the various account types may be had with the bank when the account is being set up. Make Federal Taxation Election sometimes necessary A business entity may be taxed according to the default method or may elect a different method.