A nonprofit organization is one that is funded by donations instead of investors. Nonprofits are typically created to further a social cause and are exempt from paying taxes. Find organizations in your local area that can assist you with planning. If you get stuck along the way, connect with a Kentucky Small Businesses Near Me resource in your local area for help. “”Though we’ve had other group plans in the past, eHealth helped us better customize and select options more fitting for our needs. “”I’m advising my friends to use eHealth! The process of signing up or a group plan was simple.””
That means employees will still receive benefits like health insurance, but won’t get a paycheck. The Bluegrass State requires all Kentucky employers to establish a state unemployment insurance account, as well as provide workers’ compensation insurance. Learn more about the required insurance for your Kentucky business. Business Income Insurancecoverage helps replace income lost when a business in Kentucky in unable to operate due to a covered property loss such as damage from wind, theft, or a fire. This way, you can continue to pay expenses, such as payroll and monthly operating costs, while your Kentucky business property is being repaired or replaced.
SBA has resource partners like SCORE, Small Business Development Centers and Women’s Business Centers that provide additional business counseling and training. Lender Match is a free online referral tool that connects small businesses with participating SBA-approved lenders. All opinions, conclusions or recommendations expressed are those of the author and do not necessarily reflect the views of SBA.
Some businesses may be exempt from local licensing requirements under state or federal law. Workman’s comp insurance also covers a deceased worker’s family with a financial benefit. If a worker’s family decides to sue the company, it can also help cover related legal fees incurred.
No elective procedures, no matter where they are performed, Salzman read. When the shutdowns first started, Salzman assumed he’d have an exemption. It made sense to free up hospitals for coronavirus patients by prohibiting elective surgeries there, but surely, he thought, he’d be able to continue performing surgeries in his own operating room.
“”I was unsure about choosing the right health plan for my business. eHealth explained all my options, honestly. eHealth gave me the assurance I needed to find the right health plan.”” You can browse plans and read articles online or call and get personalized recommendations from one of our agents. The Family Business Center is a community where certain businesses can exchange strategies and experiences and talk about challenges that are unique to family-owned businesses.
The links on this page provide a quick resource to County and regional services that will assist in establishing or growing your business. Local Many cities and counties require a local business license and/or impose an occupational tax or other type of tax on individuals and firms conducting business within their jurisdiction. To learn about your requirements in this area, consult your local county and city government officials. Beyond obtaining required licenses or permits, some legal forms of business, such as corporations and limited liability companies , are required to file records with the state.
Or, hire a business accountant to help you navigate all your business accounting and tax needs from payroll to sales tax. A sole proprietorship is an informal business structure that isn’t incorporated or separated from its owner. This means that 100% of the business’s profits go to the owner; however, 100% of the financial liability should the business accrue debt or get sued falls on the owner as well. “”eHealth guided me to the best options in health insurance for my business. I felt very comfortable with the process and the results. I would advise friends to sign up through eHealth.””