One of the first steps you must do if you want to open a business in Louisiana is to submit an Article of Organization to the Louisiana Secretary of State. Your limited liability corporation (LLC) is formally established by this legal document, which also contains a summary of your organization’s operations. We’ll walk you through the procedure for submitting a post of Organization in Louisiana in this post.
The name of your LLC must adhere to Louisiana’s naming regulations before you can submit an Article of Organization. Your LLC name must include one of the designations “Limited Liability Company,” “LLC,” or “L.L.C.” and must be recognizable from the names of other businesses on record with the Secretary of State. On the Secretary of State’s website, you may see if the LLC name you want is available.
Step 2: Complete the Articles of Incorporation Form The Article of Organization form must be completed once you’ve decided on a name for your LLC. The name, address, registered agent, and purpose of your business are all requested on this form. The form is available for download and online or offline completion on the website of the Secretary of State.
Step 3: Send the Articles of Incorporation Form You must deliver the completed Article of Organization form to the Secretary of State after filling it out. The form can be submitted online or by mail. For online filings and hardcopy filings, the filing cost is $100 and $105 respectively. The Secretary of State will issue you a certificate of organization once your Article of Organization has been finalized. Does Louisiana Require a Business License?
The majority of enterprises in Louisiana are needed to acquire a state-level business license. However, depending on the kind of business you run and where it is located, there are different criteria for a business license. For more information on the needs specific to your firm, visit the Louisiana Economic Development website.
Unless you personally guarantee a business loan or credit line, your LLC usually won’t have an impact on your personal credit. However, you risk being held personally responsible for your LLC’s debts and responsibilities if you mix your personal and corporate finances or if you don’t keep accurate records and accounting.
An LLC’s ownership and management structure is described in an operating agreement, a legal instrument. Additionally, it can outline the roles and obligations of the management and members as well as the processes for making crucial business decisions. A company agreement is another term for an operating agreement.
Follow the procedures listed above for submitting an Article of Organization in Louisiana if you want to write an LLC. Choosing a name for your LLC and completing and submitting the Article of Organization form to the Secretary of State are required steps in this process. It’s crucial to remember that an LLC is a legal entity and not just a document or form that you can fill out. The actual document that creates your LLC is the Article of Organization, but in order to properly set up and run your business, you’ll also need to draft an operating agreement and abide by other legal and regulatory criteria.