If you're interested in how to form an llc in louisiana, you have several options. One option is to do it on your own. Another option is to hire a qualified attorney in Louisiana to handle the process for you. Still another option is to use a web-based service that will perform the process automatically for you.
An LLC is a Limited Liability Company entity type which enables business owners (associates) to enjoy more personal liability protection and tax savings without extensive and confusing compliance needs. Basically, conducting business as a Louisiana Llc combining the more traditional medium-to-large corporation characteristics of a Corporation along with the liability protection and taxation savings of a sole proprietorship or sole partnership. Generally, to establish an LLC in Louisiana you must: obtain a registered agent/ Secretary; pay the appropriate filing fees; and maintain your designated physical address throughout the course of operation. (LLCs are not governed by common law, so they are not considered "persons" for tax purposes.)
Operating Agreement. To establish an LLC in Louisiana, you must prepare and submit to the state's filing agency a complete Operating Agreement. The Operating Agreement is the complete statement of the purpose of the company, including its name, office location, managing agents and other members (or partners). The Operating Agreement is reviewed by the Louisiana Secretary of State before the LLC's certificate of registration is filed with the state. The operating agreement is submitted to the state after the close of the business day, but can be submitted up to three months prior to the certification of your business registration.
How To Form An LLC In Louisiana
Address of Business. Your operating agreement will also contain a statement of purpose, which is an essential part of the complete document. The address of the business and the phone number of the main office should be included. You are not required to include your personal cell phone number in this statement of purpose, but it is advisable if you do. A separate address and phone number for your personal financial affairs are also required on your Operating Agreement.
Limited Liability. You must include in your Operating Agreement, the provision limiting the liability of the LLCs (the "limited liability"). In Louisiana, to comply with these provisions, all LLCs must have a qualified surety bond with a corporate bond officer and must file a report of lien with the state auditor.
Employer Identification Number. In order to get started you must provide your LLC's name, the state it is registered in and your LLC's Employer Identification Number (EIN). The advantage of having an EIN is that it simplifies the tax preparation process. However, there are specific requirements that must be met in order to obtain your EIN. The procedures for obtaining an EIN vary with each state.
Operating Agreement. The Operating Agreement serves as the written contract between the members of your LLC. It is necessary for you to write a complete Operating Agreement for your LLC, including all of the important details, such as the names of all of your LLC's members, the responsibilities and limitations of each member, and the policies and procedures for the management and operation of the LLC. The Operating Agreement is absolutely necessary for any legal proceedings that might arise as a result of your LLC. In addition, your Operating Agreement is the vehicle that provides you with the means to protect and maintain the assets, while also giving direction to your LLC.
Business Name and Address. To start your business, you must first register your LLC's name in the state. Once you have registered your business name, you must also select a Louisiana Secretary of State, or Louisiana Secretary of State Designated Agency, to issue your business address and official business name. Your address and name registration are essential for how to form an LLC in Louisiana.
Thank you for reading, If you want to read more articles about how to form an llc in louisiana don't miss our blog - Geekserver We try to write our blog bi-weekly