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Kentucky business registrations increased in 2021

December 31, 2021 GMT

FRANKFORT, Ky. (AP) — Business registrations in Kentucky in 2021 increased 21% over 2020, Secretary of State Michael Adams announced Thursday.

There were a total of 52,774 business formations and foreign qualifications, which are registrations of out-of-state businesses to do business in Kentucky.

Limited liability companies were the most common new business entity formed. In 2021, some 40,448 new Kentucky LLCs were formed, a 23% increase over the previous year.