Are you considering applying for a business license in Owensboro?
It is critical to understand that the business license in Owensboro, Kentucky is called the Occupational License Fee, this is the fee that allows for you have the privilege to conduct business in the City of Owensboro. Unlike other cities in Kentucky, this fee is imposed to both residents and non-residents alike who wish to pursue business activities in City’s corporate limits. You can download the “Occupational License Application” directly from the City of Owensboro’s website http://www.owensboro.org/node/19. Or if you prefer, you can also obtain the application from another section of their website at http://www.owensboro.org/finance, the form is entitled, “Business License Application.”
You can mail the completed application to P.O. Box 10008, Owensboro, KY 42303 with a copy of a valid photo identification and fee or you can submit it in person at City of Owensboro is 101 East 4th Street, Owensboro, KY 42303.
Who is required to have a business license or Occupational License in Owensboro, Kentucky?
Anyone who plans to engage in entrepreneurial activity with anyone in the City’s corporate limits. Any person or individual, partnership or corporation or legal entity is required to register with the Occupational License Division, even non-profit organizations. The application or registration form is mandated by the City to be signed and approved by the Planning and Zoning Department.
Are there fees and costs associated with getting an Owensboro business license?
Yes. The fee is known to the City of Owensboro as the Occupational License Fee and is a $47.00 license fee or a 1.33% privilege license fee based on the gross receipts or sales, whichever is greater. For first time business owners, the $47.00 fee is due at the time of registering your business with the Occupational License Division. The annual net receipts are all of the earnings received by any person, corporation, fiduciary, enterprise or association or any entity involved with any trade, profession, job, occupation, or any other entrepreneurial activity for the duration of each year. If the receipts or sales are less than $3,500, then the City of Owensboro levies the occupational license tax based upon the gross receipts at 1.33%. Infrequently, the license fee can vary for special classification fee types. For information on whether or not your business venture will fall into such a category please call the City of Owensboro at (270) 687-4444.
What basic information will be needed for an Owensboro business license?
You will need: name of business, applicant’s name and telephone number, applicant’s residential address, applicant’s date of birth and social security number, business location, type of ownership, Federal Identification Number, type of business activity and signature.
What is the Net Profit License Fee Return for Owensboro?
This is a form that must be remitted to the City annually, it reports your business’ net income. Typically, this is required to be submitted before April 15th, for the previous calendar year, just as with standard income taxes. The tax rate is 1.33% of all net profit accrued. The Net Profit License Return can be obtained at the City’s website, http://www.owensboro.org/node/19. Furthermore, Owensboro mandates that your Federal Tax Return be remitted with the Net Profit License Fee Return every year.
Are you considering operating a residentially-based business or a specialty business?
The application is the same for both a home-based business and a specialty business, it is found at http://www.owensboro.org/finance labeled, “Business License Application.”
What is the timeframe for the Owensboro Occupational License approval or denial?
It takes approximately 2 working days once the completed application and fee are received for a response from the City.
Are there any additional questions or concerns?
Physical and mailing address for the City of Owensboro is 101 East 4th Street, Owensboro, KY 42303, the telephone number is (270) 687-4444.
For general information in regards to starting a business in Owensboro, Kentucky, please visit
http://www.owensboro.org/node/19.
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