{"id":3438,"date":"2016-05-02T09:30:56","date_gmt":"2016-05-02T16:30:56","guid":{"rendered":"http:\/\/evergreensmallbusiness.com\/?page_id=3438"},"modified":"2019-07-01T15:17:25","modified_gmt":"2019-07-01T22:17:25","slug":"setting-up-a-kentucky-s-corporation","status":"publish","type":"page","link":"https:\/\/evergreensmallbusiness.com\/s-corporation-kits-for-all-fifty-states\/setting-up-a-kentucky-s-corporation\/","title":{"rendered":"Setting Up a Kentucky S Corporation"},"content":{"rendered":"

\"kentucky\"<\/a>Are you running a successful small business? Are you still operating it as a sole proprietorship or other entity-type that is required to pay self-employment taxes? Go ahead, grab your most recent personal tax return. If you look on the second page and there is a big number (say, $10,000 or more) on line 57, you may want to reconsider the way your business is taxed. No, it won’t eliminate taxes. But you can save over 15% on a portion of your profits.<\/p>\n

The s-election is a tax designation available to limited liability companies and corporations, and we have one kit for each type. If you aren’t sure which type you should go with, that tells us you should lean towards the LLC kit. This is because LLCs provide a bit more tax flexibility, less red tape, and still secure\u00a0personal assets.<\/p>\n

Our Kentucky\u00a0S Corporation kit<\/h2>\n

These kits will walk you through the steps to set up their respective entities, including examples of the forms you will need to file. There will also be step-by-step instructions and examples for filling out and filing the IRS Form 2553, which is used to make the Subchapter S election. We even cover the little things you might not have thought of, like submitting for an EIN, and\u00a0throw in templates for the governing documents of the new entity. \u00a0That’s right, our limited liability kit comes with an operating agreement and the corporation kit comes with corporate bylaws.<\/p>\n

The LLC kit is available here:<\/p>\n