For Louisisana LLC prices and State fees, please visit the costs page for forming an LLC in Louisiana.
Louisiana llc formation is an alternative to corporations and partnerships. The Louisiana LLC is a separate legal entity, unlike a sole proprietor, however the taxation is nearly identical to a partnership or sole proprietor. The Louisiana Limited Liability Company is a pass-through taxation entity. This means that the profits of the company pass through the LLC to the owner(s), who pay taxes on the company profits. The same taxation can be applied to corporations, however the corporation must file for the "S election" tax status, IRS form 2553. The business structure differences, can be explained to you by Companies Incorporated representatives, just call (800) 830-1055.
Louisiana llc formation creates a separate legal entity that shields the owners of the business from liability, debt and contractual obligations, the business is viewed as a separate "person" that is responsible for the Louisiana LLC liabilities. In order to maximize the protection the company can provide, it must be operated correctly. Examples of these formalities include filings to maintain standing with the Louisiana State Office, as well as operational formalities, such as not commingling personal and company funds and documenting business decisions made by the officers in annual meeting minutes of the shareholders. For more information on Louisiana Limited Liability Company, you can call Companies Incorporated at (800) 830-1055.
Louisiana Limited Liability Company is a strong alternative to an unincorporated business or a corporation. There are many ways to take advantage of the limited liability of a Louisiana LLC and Louisiana llc formation adds a layer of protection for the business owners. The company is a separate legal entity and is responsible for its debts; therefore a creditor cannot seize the business owners’ assets for company debts. This is not the case if the owners of the company personally sign for debts or sign guarantees personally. For more information on Limited Liability Companies, call Companies Incorporated at (800) 830-1055.