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How do businesses get taxed in Kentucky?

It's a big part of the American Dream to be your own boss, and there are a lot of ways to feel like that dream is your reality. But none are perhaps better than owning your own business. Without planning, however, that dream can feel like a nightmare that takes up valuable time and resources.

What are the regulations that business owners need to keep in mind?

Any business that employs people other than the owner has to consider responsibilities to those employees. Federal and Kentucky regulations on employee health and safety have to be met. Next, the local environment must also be considered. Zoning regulations and environmental guidelines may limit where a business is based.

How are businesses taxed in Kentucky?

The Bluegrass State levies sales taxes, which are usually paid by customers but collected by businesses. A corporation or limited liability entity created in Kentucky may owe income tax at the end of the fiscal year. Some lesser applied taxes include motor vehicle use and power resources.

How do businesses make sure they meet these requirements?

Business accounts are often helpful in keeping track of finances for tax purposes. Insurance for liability, workers' compensation and other vital areas help secure a business' future as well.

Who can help with forming a business in Kentucky?

An attorney may ease the process of planning and registering a business with the authorities in Frankfort as well as representing the owner's interests. Legal advice is often a big part of successful business strategy and legal counsel help business owners get through any rough points.

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  1. Charles W. Dobbins, Jr.

    Charles earned his J.D. degree from the University of Virginia in 1974

    He was graduated from Washington & Lee University in 1970 with a B.A. with Distinction

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    Mark W. Dobbins

    Mark earned his B.A. from Emory University.

    He earned his J.D. from the University of Louisville.

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    Patrick T. Schmidt

    Patrick earned his B.S. in Accounting from the University of Kentucky in 1989.

    He earned his J.D. from the University of Kentucky in 1992.

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    Terrence L. McCoy

    Terry earned a B.A. from Dartmouth College in 1964.

    He earned his J.D. from Duke University in 1967.

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    Lisa Koch Bryant

    Ms. Bryant has extensive commercial litigation and bankruptcy experience. Prior to entering private practice, Ms. Bryant served as head of litigation for the Federal Land Bank of Louisville.

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  2. Wm. Stephen Reisz

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

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    Sandra F. Keene

    Sandra earned her Bachelor of Health Science degree, with Honors, from the University of Louisville in 1982.

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    Elizabeth M. Jenkins

    Colgate University, B.A., Political Science, magna cum laude, 1983

    University of Virginia, J.D., 1992

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    Edward L. Galloway

    Ed graduated from Indiana University in 1967 with a degree in history.

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    Thomas G. Karageorge

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

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  3. Tacasha E. Thomas

    Tacasha attended Harvard University in Cambridge, Massachusetts during the summer of 2001, where she studied courses in law and psychology.

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    Ayala Golding

    Ayala received her J.D. in 1994 from the University of Louisville, Louis D. Brandeis School of Law, Louisville, Kentucky, where she was a member of the Brandeis Family Law Journal, and

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    Kacie A. Wilkinson

    Kacie A. Wilkinson recently joined Tilford, Dobbins & Schmidt, PLLC, where she practices in the areas of business law & transactions, real estate, estate planning and probate.

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    Gwen recently joined the Firm after being employed by notable Louisville companies for over 15 years in a variety of capacities including Corporate Counsel, Director of Human Resources, and Risk Manager.

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    William A. Buckaway, Jr.

    Bill earned his B.A. from Centre College in Kentucky in 1956.

    He earned his J.D. from the University of Louisville in 1961 where he was a

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    Terrell L. Black

    Terry earned a B.S. in Social Science from Campbellsville College in 1966.

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    John A. Wilmes

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