You’ve come up with a great idea and want to turn it into a great business. What’s next? Learn more about what it will take to get your business up and running.
| LAUNCH YOUR BUSINESS
Your doors are almost open, so what’s next? Keep note of important deadlines and resources, from business license renewals to paying taxes, to help your business stay compliant with government regulations.
Choose a Structure
The legal structure you choose should suit the type of services or products you will provide. Consider your options to find the best fit for your business.
Business Name Search
You’ve brainstormed and picked that perfect business name. So what’s the next step to make it legal and protect your brand? File a Fictitious Business Name (FBN).
Register Your Business
Choosing the legal structure that best suits your business type is a top priority. All businesses – even small ones – that operate in Louisville must register with the City.
Get an EIN Number
Most businesses must register with the US Internal Revenue Service (IRS) to obtain an Employer Identification Number (EIN). If you are not a US citizen, you may need an Individual Taxpayer Identification Number (ITIN) instead.
Choose A Location
Do your research to find a great location for your business. Consider factors like demographics, lease terms, and whether your business is allowed by zoning and building regulations before you sign on the dotted line.
Permits And Compliance
You've found a space zoned for your business, but before you start renovating to make it your own, find out if you need a building permit. Building permits are required for building, structural, electrical, HVAC, and plumbing projects. They help to ensure that your space is safe for your team and your customers.
Business Bank Account
Whether you're looking for startup capital, considering a loan to finance the expansion of your business, or needing a business account, building a banking relationship is important. We have a list of local banks that have shown support to black owned businesses.
Register with the KY Revenue Cabinet
a) If you must collect sales or use tax
b) Any business with employees
c) Any business entity other than a sole proprietorship.
ADA Compliance
Making your business disability accessible not only helps your customers, it’s the law. Federal Americans with Disabilities Act (ADA) and state regulations require that businesses be open to all.