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Steps in Starting a New Business

1. Write a business plan (we have a free guide, complete with sample plan) and secure funding.
2. Consult with a licensed Kentucky attorney, a CPA, and/or an SBDC consultant to discuss your options and to determine your needs.
3. Select a business name and choose an operating entity. Register with the County Clerk and the Secretary of State.
4. Register any trademarks or service marks with the Secretary of State.
5. Secure a zoning license/certificate of occupancy from the local zoning department.
1. Secure permits for any remodeling or new construction.
2. Secure sign permits for any exterior signage.
6. Obtain a federal employer identification number (EIN) from the IRS.
7. Obtain city and county occupational/business licenses.
8. Register with the Kentucky Revenue Cabinet as required for the following:
1. Kentucky General Business License if you must collect sales tax.
2. Any business with employees or any business other than a sole proprietorship.
9. If you have employees, do the following:
1. Register with the Kentucky Department for Employment Services.
2. Purchase workers’ compensation insurance from an independent insurance agent.
3. Report new employees immediately to Ky New Hire Reporting (1-800-817-2262).
10. Check with the Business Information Clearinghouse (800-626-2250) and your local city and county clerks to determine if any special licenses are required for your business.
11. Establish a business checking account. Consider a business savings account.
12. Secure liability insurance and other coverage appropriate for your business.