When filing a Louisiana LLC, you must come up with an official name by which your LLC can be uniquely identified. As per Louisiana law specifications, the words ‘Limited Liability Company’ or its equivalent abbreviations ‘L.L.C.’ or ‘L.C.’ should be included in the actual name of your business.
Your Louisiana LLC name will be registered to the Secretary of State of Louisiana provided that it is unique and does not have any duplicate name registered with the state’s database. To verify if your business name is unique, check the state’s business name search database. If available, a reservation for business name is allowable for a period of 60 days. The filing fee is $25.
A Registered Agent is a must when starting an LLC in Louisiana. Furthermore, state-stipulated requirements for a Registered Agent must be met for your business to be legally incorporated.
An LA LLC Registered Agent must be an individual who lives in the state, an individual attorney or a partnership from Louisiana or an organization legally registered to act as a Registered Agent. The organization can either be a domestic or foreign one provided that the corresponding condition is fulfilled.
That said, you can hire a Registered Agent service and pay up to $160/year, or get a Louisiana Registered Agent free of charge when you start your LLC with IncFile – which is $100 less than other online incorporation services.
The Articles of Organization must be filed to register an LLC in Louisiana. This form is filed to the Louisiana Secretary of State. During LA LLC filing, an Initial Report should be attached to the Articles of Organization form.
This Initial Report should have the names and addresses of each LLC member and manager. The form should also be notarized before submission. Online or mail application can be done.
Fee for filing the LLC: $100
There are certain conditions in which you must obtain an LLC EIN. If your organization has more than one member, then you should get one. The same thing applies if you have only one member, but you are hiring employees.
A Louisiana EIN can be directly obtained by online application for free at through the IRS website.
To monitor the ins and outs of your Louisiana LLC finances, put the profits and assets where they belong. The best way to do this is to open a separate account from your personal bank account.
For a quick look at some of our favorite places to bank with, see this review. Keep in mind that you can also use the bank you keep your personal account with, just be sure all transactions separate.
As soon as you have followed the steps above, you are now officially a Louisiana LLC. The steps below are additional requirements you can implement to operate your business legally and to better your chances of accomplishing a steady business growth as you start operations.
To prepare your business for success, you need to write a business plan. A strong business plan can pave the way for the right business financing when starting a Louisiana business, and becomes the clear path towards your goals of a successful Louisiana LLC.
When incorporating an LLC in Louisiana, part of your responsibility as a new entrepreneur is to know the detailed requirements of your Louisiana LLC tax and licenses. These Louisiana LLC taxes are the lifeblood of every state so it is important that you comply with it. Our Louisiana Business Taxes guide is a great way to start with this task.
In addition to the tax requirements, you are also mandated by the state to comply with the necessary Louisiana business licenses to operate legally.
The requirements for Louisiana business license and permits will depend on several factors including your business’ structure, nature of operations, and its size. When you’re starting an LLC in Louisiana and trying to sort out these specific requirements, you can use our Louisiana Business Licenses and Regulations guide to help you.
To finally put structure and organization in the financial and managerial dealings of your business, an LLC Operating Agreement should be created. Aside from the limited liability status protection that an Operating Agreement provides, it also bypasses default state operating rules.
If you have no Operating Agreement in place, rules that may not be right for your LLC will have to be followed. Here is a fully customizable Operating Agreement for use so you can conveniently come up with your own.
Nowadays, it is important to build trust through a professional website. Since you are likely more focused on building your business and have no time to learn code, I recommend building a website on WordPress.
WordPress is free, easy to use, and customizable. No need to hire a custom web developer. See how to start your business website through this free step-by-step guide.
This guide serves as an informational guide when forming a Louisiana LLC and not legal advice. For questions on the specifics of starting an LLC in Louisiana or starting a new business in Louisiana in general, always seek the expert counseling.