Kentucky Business Law
Whether your business is big or small, the attorneys at John H. Ruby & Associates are here to help with all your business needs.
If you are looking to form a business partnership or corporation in Kentucky, there are several options available to you:
- Limited Partnership (LP): Two or more people are required for this partnership. There must be at least one general partner, who is responsible for the debts of the partnership, and at least one limited partner. The limited partners are not personally liable for the partnership debts unless they are involved in management of the partnership.
- Limited Liability Company (LLC): An unincorporated business managed by members or managers. There is no personal liability for the company’s debts, and the LLC enjoys the tax benefits of a partnership rather than being taxed as a corporation. An LLC is also a great asset protection option.
- General Partnership (GP): A business which is run by two or more people for a profit. Partners are personally liable for debts.
- Registered Limited Liability Partnership: A partnership registered with the state where the partners are responsible, with exceptions, for debts of the partnership.
- Sole Proprietorship: One person owns and operates the business and is personally liable for its debts.
- Corporation: Complex in nature, the corporation is a business entity with its own legal status apart from its owner or owners.
The filing requirements for each entity vary, and there are also special rules regarding foreign corporations. Depending on what type of business you have, you may also need to obtain a permit from the State in addition to procuring your local and federal licenses. Contact us to discuss your specific business needs.
Maintaining Your Business
Our firm is dedicated to ensuring your business runs smoothly. The business department at John H. Ruby & Associates caters to all your business needs, including:
- Asset purchase agreements
- Sale of business
- Dissolution of a business
The attorneys at our firm are highly-skilled business litigators who have represented companies both large and small and have helped resolved disputes between shareholders and business owners as well. Business litigation is a complex area of law, which is why you need an experienced attorney to protect your interests and fight for you.
Whether you are starting a business or ending one, or simply need the advice and counsel of an experienced Louisville business lawyer, our firm is here to help you. Contact us to schedule your free initial consultation.