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Forming an LLC in Louisiana
Forming an LLC in Louisiana is really not that hard, but if you want to save yourself some time and effort you can let an incorporation agency do it for you. Before you adopt the Operating Agreement, you should ideally run it by an attorney, because a flawed Operating Agreement can lead to problems with the IRS later on.
Forming an LLC in Louisiana in 5 easy steps
- The first thing you need to do when forming an LLC in Louisiana is to select a suitable name for your LLC. According to Louisiana state law, the name of an LLC must include an LLC identifier, i.e “Limited Liability Company” or an abbreviation thereof. You must also refrain from using the same name as any other LLC. Make sure that the name does not violate any trademarks. When forming an LLC in Louisiana, you cannot include the name of any public facilities, including parks and playgrounds, in you company name together with the word "philanthropic", "benefit", "fund", "foundation", "endowment" and/or "benevolent".
- When you have found a suitable name, it is time to file the Articles of Organization with the Louisiana State filing office.
- The next step is to have an organizational meeting where an Operating Agreement is adopted by the LLC members.
- When an Operating Agreement has been adopted, it will be possible for the LLC to get a Federal Employer Identification Number (FEIN) and open up a bank account.
- The final step is to decide in which cities and counties that the LLC will be doing business and obtain a local business license from each city/county.
Important facts to take into consideration before forming an LLC in Louisiana
- In Louisiana, the minimum state filing fee for an LLC is $60.00. (For 20 business days.)
- An annual report must be handed in each year by the date of original filing. The annual report fee is $25.
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