Choosing a name for your business is one of the most crucial tasks when beginning a business. However, picking a name on its own is insufficient. Additionally, you must formally adopt the name in order to confirm that you have the sole right to use it and to safeguard your company from potential legal issues. This article will go over the steps involved in registering a business name in Louisiana, as well as the annual reporting requirements and other crucial factors. What is LLC regarded as?
It’s critical to comprehend what an LLC is and how it is categorized under Louisiana law before beginning the process of choosing a company name. Limited Liability Company, or LLC, is a type of business organization that combines the tax advantages of a partnership with the liability protection of a corporation. LLCs are categorized in Louisiana as either domestic (established in the state) or foreign (formed outside the state), and each is subject to different rules and legislation. How do you formally choose a company name?
In Louisiana, you must submit an Application for Reservation of Name to the Secretary of State in order to formally adopt a business name. Using this application, you can hold onto the name for up to 60 days while you submit the required papers to formally register your business. You can start using the name for business purposes once it has been reserved, but it’s vital to understand that this does not give the name any legal protection or exclusive rights.
You must submit Articles of Organization to the Secretary of State in order to receive legal protection and exclusive rights to the name. The name and address of the LLC, the names and addresses of the members, and the purpose of the LLC are all included in this document, which also serves as the formal registration of your LLC. Your LLC will be legally registered once the Articles of Organization are accepted, at which point you can start using the name for commercial purposes.
Yes, LLCs must submit an annual report to the Secretary of State in Louisiana. The name and address of the LLC, the names and addresses of the members, and the registered agent for the LLC are all included in this report, which is required by the anniversary date of the LLC’s registration. Penalties and the potential revocation of your LLC’s registration may arise from failing to submit an annual report.
You have two options for sending an annual report to the Louisiana Secretary of State: by mail using a paper form or online through the GeauxBiz site. For domestic LLCs, the yearly report filing fee is $30, whereas it is $150 for overseas LLCs. It’s crucial to remember that failing to submit an annual report may subject your LLC to fines and perhaps result in the cancellation of its registration.
Louisiana LLCs must additionally submit an annual notary report in addition to the annual report. The name and address of the LLC, the names and addresses of the members, and the registered agent for the LLC are all listed in this report, which must be submitted to the Secretary of State. For domestic LLCs, the filing charge for an annual notary report is $35, while the fee for foreign LLCs is $150. If you don’t submit a yearly notary report, you risk fines and perhaps having your LLC’s registration revoked.
In conclusion, choosing a legal company name and establishing an LLC in Louisiana can be challenging procedures. However, you may safeguard your company and guarantee its success by adhering to the guidelines provided in this article and maintaining current with annual reporting standards.
Although the article’s title refers to choosing a company name in Louisiana, you must file an annual report in Nevada online by going to the Nevada Secretary of State’s website. Depending on the kind of company entity you have and the information you need to submit, there may be different procedures and requirements. To make sure that you file your annual report accurately and on time, it is advised that you carefully read the directions and policies supplied by the Nevada Secretary of State’s office.