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Kentucky Business Formation Questions & Answers
1 Answer | Asked in Banking, Business Formation, Business Law and Family Law for Kentucky on
Q: I paid 17k in cash for my car. But i got the money from my friend and family. So, can i report that as my source?
Timothy Denison
Timothy Denison
answered on Apr 2, 2024

Yes. You can. You should also report any debt owed to your friends and family as well.

1 Answer | Asked in Business Formation and Civil Litigation for Kentucky on
Q: I inquired about my potential case and the paralegal said she'd give my information to the attorneys and she'll call me

I call again because i haven't heard back and I had additional information to give and again she said she'd call me. This 8-24-2022

Timothy Denison
Timothy Denison
answered on Sep 16, 2022

Call and schedule an in person appointment with your lawyer to discuss the case and get an update.

1 Answer | Asked in Business Formation, Estate Planning and Land Use & Zoning for Kentucky on
Q: I would like to start an Airbnb on my grandmas property in Frankfort KY. I have called division of planning and zoning

For a license she said that county doesn’t approve those yet but multiple people have Airbnb’s there they just “look the other way.” So my question is from a legal standpoint what documents and insurance would I need at this point and how do taxes work for this situation so I won’t get in... View More

Timothy Denison
Timothy Denison
answered on Jan 16, 2020

Evidence of ownership, proof of insurance and a tax I’d number both federal and state.

2 Answers | Asked in Contracts, Tax Law, Business Formation and Business Law for Kentucky on
Q: Best small business structure llc, or s corp?
D. Mathew Blackburn
D. Mathew Blackburn
answered on Nov 30, 2019

That depends on a number of additional factors. An LLC is almost always better than nothing. And the S-election requires an entity to be accepted. So the LLC is essentially a foregone conclusion. The question becomes to s-elect or not.

That question becomes first an issue of eligibility....
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1 Answer | Asked in Business Formation, Criminal Law and Traffic Tickets for Kentucky on
Q: I have a bench warrant for no registration or insurance ticket i never received 3 years ago. What do i do?

My friend visited me from TX christmas of 16'. She drove my vehicle and got a speeding ticket. I was not in the car.

Fast forward to 2 weeks ago im getting new insurance and they tell me my license is suspended. I NEVER got a ticket notice or anything.

After calling all over... View More

Timothy Denison
Timothy Denison
answered on Jan 14, 2019

You definitely need an attorney to clean this up. There are several things you can possibly do but first you need the bench warrant set aside and a new court date.

1 Answer | Asked in Business Formation and Contracts for Kentucky on
Q: Business agreement question

I loaned a used car dealer in KY 100k for a 2 yr investment. He is supposed to pay me 40% of the profit he makes with my money every 3 mo. Agreement is a 1-page document that has been signed by both parties and notarized by a public notary. Agreement states that "dealer should give me my 100k... View More

Timothy Denison
Timothy Denison
answered on Apr 17, 2018

If you don’t renew in 2020, send him a demand letter for the 100k. If he doesn’t pay, you may have to file suit to collect your loan.

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