Staff was laid off, and the restaurant stall has been operated by volunteer friends and family to serve takeout orders since, said co-owner Josh Gonzalez. The bar has also been acting as a distribution point, handing out birth control, hand sanitizer and feminine hygiene products. Some small businesses have been able to pivot to doing takeout, delivery or other options, but those options require overhead costs, Stipp said.
For example, a restaurant will likely need health permits, building permits, signage permits, etc. A limited liability company combines the personal asset protection of a corporation with the flexibility of a partnership or sole proprietorship. Most Kentucky Small Businesses Near Me prefer the LLC structure due to its easy maintenance and favorable tax treatment. To qualify for group health insurance in Kentucky, your company typically needs at least two employees including the owner. If you’re unsure if your business qualifies for group health insurance, eHealth’s customer support team can help you find the right plan.
The co-founder of Sun Tan City and Planet Fitness franchisee has businesses across the state, as well as in Tennessee and Indiana. With counseling and therapy and other forms of one-on-one care, they help those living with mental and physical disabilities lead normal lives. For Louisville’s disabled, small businesses like Susan Stokes’s Access Community Assistance are essential. The Courier Journal canvassed metro Louisville and beyond over last week to talk with entrepreneurs and aspirational small-business dreamers whose ambitions have been dashed or severely hampered during this pandemic. A Facebook page is a great, free way to interact with your customers. After defining your brand and creating your logo the next step is to create a website for your business.
In addition to state licenses, some business licenses may be issued locally. The requirements vary depending on the city or county involved. For example, the City of Lexington has its own business license requirements. You can find more details by checking the website for the city and county where you’ll operate your business.
This can involve conducting surveys, doing search engine optimization research, or holding focus groups. The goal of market research is to better understand your target market and competitors in order to craft an effective business plan. When naming a business, you’ll want to choose an available name that follows Kentucky’s naming rules for an LLC or corporation and resonates with your customers. Use our Business Name Generator to find the perfect brand name and website. When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. “”eHealth gave me the guidance to feel confident buying group health insurance. Don’t wait, ask eHealth about Small Business health insurance.””
The Kentucky OneStop Business Portal has sections on planning, starting, operating, and expanding your business. The portal is part of Kentucky state government and includes links to the most important business-related government websites. Learn the steps required to obtain a business license in Kentucky. Fortunately for the doctor, he is among the relatively few small businesses to have already received federal aid through the new federal payroll protection program.
Your business is a retail operation that requires online and brick-and-mortar storefronts to showcase products that are available for purchase by customers. Your Kentucky business is a service business, such as a car repair shop, that depends on a physical location and tools to serve your customers. Your business owns property that can be stolen or damaged – this includes customer data, office furniture and equipment, digital assets, inventory, and cash. Your business has a possibility of being sued, for example, by a customer who was hurt in your office building. To help you start your business, we have identified the best resources across the state of Kentucky that can support you in your entrepreneurial endeavors.
Our logo maker is free (no sign-ups or email address needed) and it comes in all social media sizes. Or, if you want to explore your options, you can also use this free logo maker by Tailor Brands. Once you feel confident about your answers to these questions, it’s time to move onto your business name. Your business name is the cornerstone of good branding and a successful business.
Drive social media engagement and create stronger bonds with your customers. Using dedicated business banking and credit accounts is essential for personal asset protection. Before you write your business plan, conducting thorough market research is crucial.
Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. The WKU Small Business Development Center is committed to helping small business and entrepreneurs in the area. For the past 30 years our highly trained staff has been assisting small businesses in South Central Kentucky with Starting, Financing and Growing their business. Greater Louisville Inc. is committed to workingforyour business, while you’re workingon your business.
Plus, his business interruption insurance is refusing to cover a pandemic. Winebrenner had also planned to announce a local partner to operate his project’s food hall and restaurants, a concept inspired by visits to places like New York’s Eataly, formerly run by chef Mario Batali. With restaurants reeling because of the pandemic, the announcement of a food and beverage partner has been delayed. For days, Stokes pestered her bank, Cincinnati-based Fifth Third Bank, to please expedite her application for federal assistance. She said she was the first to call the day after the CARES Act was signed into law, but the process dragged on. Other banks that Stokes called told her they were only serving their own customers.
To file the Articles of Incorporation for a nonprofit in Kentucky, you must submit formation documents to the Secretary of State online, by mail, or in person, along with the $8 filing fee. To file the Articles of Incorporation for a corporation in Kentucky, you must submit formation documents to the Secretary of State online, by mail, or in person, along with a minimum $50 filing fee. If you think starting a corporation is right for your business, there are five steps to starting your business as a corporation. Additionally, you’ll need to decide the type of corporation your business will be, such as a C corporation or S corporation.
LLCs are the simplest formal business structure to form and maintain. With less paperwork than other business structures, you can easily form an LLC in five easy steps. Apartnership, like a sole proprietorship, is an informal unincorporated business structure but with multiple owners. Similarly, partnerships do not have liability protection that you find with a formal business structure. Whether you’re opening a brick-and-mortar establishment or starting a business from home — your business location informs the type of licensing and permits you’ll need as well as your business’s growth potential. Doing your research on Kentucky’s popular areas such asBowling GreenorCovingtoncan help increase foot traffic and drive customer interest.
GLI supplies you with the connections, networking opportunities, and knowledge to give you an advantage over your competitors. The following resources are available to all GLI small business members. Some people are now afraid to let workers like Palmer into their buildings, though he said he’s continued to find work, especially for leaks and other emergency maintenance. Leading up to the pandemic, building contractor Gerald Palmer was very busy. “The conchas have been a big hit, as well as the fried chicken sandwiches, it’s crazy,” Gonzalez said. “So far the most surprising part is the support from the community.