The present name of the LLC must be available, which means that no other Louisiana business entity is already using it. You can utilize the business search feature on the Louisiana Secretary of State’s website to see if the name you want is available. You must file Articles of Amendment with the Secretary of State’s office after making sure the new name is accessible.
You can request a copy of the Articles of Amendment form by mail or download it from the website of the Louisiana Secretary of State. You must fill out the form with the present name of your LLC, the new name you want to use, and the date on which the name change will take effect. The filing fee for submitting the Articles of Amendment is $25, and for an extra cost, you can ask for expedited processing.
It is crucial to understand that altering your LLC’s name has no impact on the legal makeup of your business, your tax ID number, or any existing contracts or agreements. You must change the name of your LLC with the IRS, state tax authorities, and any other company associates or suppliers you use.
In addition to the name change procedure, LLC owners should be informed of any potential drawbacks to setting up an LLC. One drawback is that LLCs must pay self-employment taxes, which can be more expensive than the tax rates for other commercial formations. In comparison to corporations, LLCs may also have fewer possibilities for generating funds.
You might be wondering if you still need to submit taxes if your LLC generated no revenue. Yes, it is the answer. Even though your LLC did not make any money, you are still required to submit an annual report and pay a $35 filing fee to the Louisiana Secretary of State. If you don’t, the state could fine you or dissolve your LLC.
Last but not least, LLCs in Louisiana are required to submit an annual report and $30 filing fee to the Secretary of State’s office. The report assures that your LLC is still in good standing and verifies the details of your LLC, including the name and contact information of the registered agent.
In conclusion, it is possible to change the name of your LLC in Louisiana, but doing so necessitates adhering to certain guidelines and regulations. Additionally, LLC owners need to be aware of the potential drawbacks of setting up an LLC, the duty to file taxes even if the LLC did not generate any revenue, and the necessity to renew their LLC every year. It is advised to seek advice from a company attorney or accountant if you have any queries or worries regarding renaming your LLC or running an LLC in Louisiana.
Yes, LLCs in Louisiana must submit an Annual Report and the appropriate fee to the Secretary of State each year to renew their registration. If this is not done, the LLC risk losing its good standing or being dissolved.