Business Licenses
If you plan to start a business in Pikeville, Kentucky, the first step is to ensure you have obtained the information needed to register for a business license, also known as an occupational license. Completing the following steps will help you meet local, state, and federal requirements. Once you have complete the steps to register your business name with federal and state requirements you will need to verify which locality your company will be operating in for tax purposes.
How to: REGISTER YOUR BUSINESS NAME
STEPS TO REGISTER:
- Check your business name and register with the Kentucky Department of Revenue. (If you are a sole proprietor, this step is optional) You can skip, but you must still register with the City of Pikeville.
After completing the online registration, you will have an official business name. Use this name on your occupational license application. Again, sole proprietor can use their own name and file under their social security number.Visit Kentucky’s One Stop Business Portal to incorporate your business online if required. - Register for your Federal Employer Identification Number (EIN).
Apply for a federal EIN - Certificate of Occupancy needed. A certificate of occupancy is a legal document that indicates that you can use your building or space legally. Upon submittal of your application if the Pikeville Fire Marshall has not inspect your location, he will be notified of the request to inspect.
How to: APPLY FOR A CITY BUSINESS LICENSE
Pikeville requires every person and business entity engaged in any trade, occupation, or profession, or other activity for profit, or anyone required to complete and execute the occupational license application prescribed by the Occupational Tax Office. Each person shall be required to complete a separate questionnaire for each separate business before the commencement of business, or in the event of a change of status, other than change of address. Licensees are required to notify the Occupational Tax Office of changes in address or the cessation of business, and of other changes which render inaccurate the information supplied in the completed occupational application. You may complete an online application at: https://www.pikevilleky.gov.
If your business is based within Pikeville city limits, you should also confirm that the proposed business activity is an allowed use at the business location address. Please note, the issuance of a city business license does not equate to city zoning approval of the business activity in the specified business location.
Not transferable. A city business license is not transferable to another party; each new owner must apply for a new city business license.
How to: RENEW CITY LICENSE
A city occupational license is active until the last day of the year in which it was renewed. Business and Contractor licenses are issued on a calendar year basis.
To facilitate the annual renewal process, Pikeville mails a renewal notice to each active city business licensee approximately 30 days prior to the applicable expiration date. The notice includes instructions to complete renewal process prior to expiration date.
Upon completion of a renewal, Pikeville issues an updated state license, showing the applicable city license endorsement category and new expiration date.
Fee List:
What are the Fees to renew the city business license are the same as fees to apply for the city business license – see “FEES…” section below.
FEES — APPLICATION & RENEWAL
Annual City License Fees – Application or Renewal.
| Annual Occupational Business License | $50.00 |
| Annual Contractor Business License | $50.00 |
| Solicitor License | $25.00 |
How to: REPORT REQUIRED TAX FILINGS
Employers to Withhold Tax
Every employer making payment of compensation to an employee shall deduct and withhold upon the payment of the compensation any tax imposed against the compensation by the city. Amounts withheld shall be paid to the city in accordance with the ordinance at the 2% rate based on gross wages earned and reported quarterly.
*** Full-time equivalent (FTE) “employee”: Calculated based on total hours to be worked in city in 12-month period by all “employees” divided by 2,080 hours; result is then rounded to nearest whole number before multiplying by employee fee rate.
“Employee” includes: Any person working in city that is on business’ payroll or that is a self-employed person, sole proprietor, owner, manager, or partner of business. (Persons working for a business through an employment agency are considered employees of that agency.)
Occupational Net Profit Tax Return
All business entity returns for the preceding taxable year shall be made by April 15 of each year, except returns made on the basis of a fiscal year, which shall be made by the fifteenth day of the fourth month following the close of the fiscal year. Copies of IRS federal income tax returns and all supporting statements and schedules at the time of filing is required to be enclosed with the return. The Net Profit Tax Rate is 2%.
How to: UPDATE BUSINESS INFORMATION
It is important to keep your business account information current. Updates to the business name, governing people, and/or address(es) should be made as described.
STILL HAVE QUESTIONS ???
LICENSE APPLICATION QUESTIONS — Contact the City of Pikeville:
Rebecca Hamilton
Tax Administrator
Email: rebecca.hamilton@pikevilleky.gov
Phone: (606) 437-5102
Address:
243 Main Street | Pikeville, KY 41501