Filing a Louisiana LLC
Registering your business as a Louisiana LLC could be advantageous. Not only are LLCs relatively easy to set up, but they could protect their owners from any liabilities associated with the company. Young entrepreneurs should not overlook how critical that benefit could be.
Steps To Filing a Louisiana LLC
Choose A Name
Upon deciding to form a Louisiana LLC, prospective business owners will need to choose a name. The state of Louisiana requires companies to include an indicator in their name that references their corporate structure. So, Louisiana owners would need to add something like “Limited Liability Company” or “LLC.” Also, the chosen title must also be unique to the company and not already in use. You can use the Name Availability Check Page to ensure you do not pick a name that is already in use by another entity.
Choose A Registered Agent
After selecting a name, potential Louisiana LLC owners will then need to choose a registered agent to operate on behalf of their company. Knowledgeable business owners know that a quality registered agent could go a long way toward helping your business succeed, as agents are responsible for accepting all legal correspondence on behalf of the company. Because of this, Louisiana LLC owners should look into hiring a professional company, like DoMyLLC, to run their registered agent services.
File Articles Of Organization & Pay Filing Fees
Prospective business owners will then need to file Articles of Organization with the Commercial Division of the Secretary of State’s office. When doing so, they must include a $100 filing fee. It will contain vital information, such as:
- Name of the business
- Purpose of the business
- Duration of the LLC
- Information about the person filing the document
- Signatures of the organizers
- Notary signature
File Initial Report
Louisiana LLC owners must also include an Initial Report with their Articles of Organization. It costs $25 to file this form. Companies can pay $30 to expedite this form or $50 for priority advancing. In addition to information about the registered agent, this form also contains the names and municipal addresses of the first managers or members of the business.
Create An Operating Agreement And Hold Meetings
Business owners will also want to create an operating agreement defining how they will run their business. Once in place, the company can begin holding meetings.
Obtain Employer Identification Number
Those in charge of the LLC will also want to secure an Employer Identification Number from the IRS. This number is crucial, as it is not only needed to file taxes but also allows businesses to open a bank account.
File State Required Annual Reports
Every year, on the anniversary date of formation, Louisiana LLCs must file an annual report. It costs $30 to submit this form to the Secretary of State’s office. There is no late fee if you do not register on time. But if you are late for more than three years, the state can dissolve your business.
Not only must they file an annual report, but Louisiana LLC owners will want to make sure they’re filing federal, state, and local taxes on time each year. Additionally, LLC owners need to ensure they acquire and renew and licenses and permits required for their business.
How DoMyLLC Can Assist With Streamlining The Process
If you’re a young entrepreneur, it makes sense that this information may seem overwhelming. Fortunately, that’s why DoMyLLC is here to help, offering services such as:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
By working with DoMyLLC, you can dedicate yourself fully toward running your business. Be sure to contact us for all of your Louisiana LLC needs.