Sun Document Filings can form a Louisiana LLC fast! Focus on forming your Louisiana LLC business plan and let us form your Louisiana LLC. Sun can form a Louisiana limited liablity company or register a Louisiana LLC correctly the first time. Let us make the Louisiana LLC formation process quick and painless for you by preparing and filing a Louisiana LLC Articles of Organization with the Louisiana Secretary of State on your behalf. Your time is better spent forming your Louisiana LLC business plan for a successful Louisiana LLC. Protect your assets and form a Louisiana single member LLC or a Louisiana multi-member LLC.
How do I form a Louisiana LLC?
There is no need to ask, "How do I form a Louisiana LLC?" because we know how to form a Louisiana LLC from start to finish. First, we check LLC name availability with the Louisiana Secretary of State. Second, we prepare a Louisiana LLC Articles of Organization. Third, before we form a Louisiana LLC, we verify that the Articles of Organization are free of errors. Fourth, we will register a Louisiana LLC by filing a Louisiana LLC Articles of Organization with the Louisiana Secretary of State. Fifth, after the Louisiana Secretary of State files a Louisiana LLC Articles of Organization, we will return the filed document to you. We make forming a Louisiana LLC simple and fast!
What is a Louisiana LLC?
A Louisiana LLC or Louisiana limited liability company is a type of business entity that is independent of its owner(s). A Louisiana LLC can consist of one or more members which may be individuals, partnerships, trusts, estates, associations, corporations, other limited liablity companies (LLC), or other business entitites as allowed by the state of formation. The members of a Louisiana LLC are afforded limited liablity similar to shareholders of a corporation and are allowed pass-through taxation benefits that is comparable to a partnership. Forming a Louisiana LLC can be the best of both worlds.
What are the advantages of forming a Louisiana LLC?
A Louisiana LLC or Louisiana Limited Liability Company combines the advantages of a corporation and a partnership. The members of a Louisiana LLC are allowed limited liability protection of a Louisiana corporation with the pass-through taxation of a partnership. All personal assets of the members are protected from creditors for debt and from judgments against a Louisiana LLC. Provided a member did not use their personal assets to secure loans or personally guarantee the debt for a Louisiana LLC. Unlike a Sub-Chapter S Corporation whose shareholders are limited to 75, there is no limit to how many members a Louisiana LLC can have. For the flexibility and taxation benefits, LLC’s have become very desirable to business owners.
How do I decide if I should form a Louisiana LLC or Louisiana S corporation?
- Most business owners that decide to form a Louisiana limited liablity company (LLC) do so because of its flexibility in taxation.
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A Louisiana S corporation eliminates double taxation but it lacks the flexibility of a Louisiana LLC in distribution of income to the owners.
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A Louisiana LLC can have several classes of membership interests and can consist of one or more members (in most states) which may be individuals, partnerships, limited partnerships, trusts, estates, associations, corporations, foreign nationals, other limited liability companies or other business entities.
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A Louisiana S corporation can only be owned my individuals, issue only one type of stock, and is limited to no more then 75 shareholders.
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For more information, view our Entity Comparison Table. The Entity Comparison Table will show the advantages and disadvantages of different types of business entities.
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If you decide to form a Louisiana S corporation instead of forming a Louisiana LLC, click here for incorporation services.
To form a Louisiana LLC online, click here to see the costs and time turnaround options for a Louisiana LLC.
Who controls or manages a Louisiana LLC?
A Louisiana LLC is owned and organized by its members. Members to a Louisiana LLC are the equivalent as partners are to a partnership or shareholders in a corporation. Members have the option of managing a Louisiana LLC themselves or if they prefer, they can choose to elect managers to operate a Louisiana LLC. Managers are agents of the company and have the authority to bind the company to third parties. The flexibility in management is one of the reasons LLC’s are so appealing.
How many people or business entities are required to form a Louisiana LLC?
In most states, only one entity or one person is required to form a Louisiana LLC. In terms of taxation, the IRS does recognize single member Louisiana LLC’s and allows pass-through taxation. Although the Internal Revenue Service allows one member Louisiana LLC’s with pass-through taxation, some states may not afford equal treatment to single member Louisiana LLC’s. To avoid any surprises, we recommend that you speak with your accountant or tax preparer to find out how the tax laws in your state would affect your single member Louisiana LLC prior to organization.
What titles are owners in a Louisiana LLC ?
A Louisiana LLC is allowed to have the titles member(s), manager(s), or manging members.
How is a Louisiana LLC taxed ?
At the Federal Level -
A Louisiana LLC may be classified for federal income tax purposes as a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), partnership or a corporation. If a Louisiana LLC has only one owner, it will automatically be considered to be a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), unless an election is made to be treated as a corporation. If a Louisiana LLC has two or more owners, it will automatically be considered to be a partnership unless an election is made to be treated as a corporation. If a Louisiana LLC does not elect its classification, a default classification of partnership (multi-member Louisiana LLC) or sole proprietorship (single member Louisiana LLC) will apply.
At the state level -
Your Louisiana LLC may be treated differently for tax purposes then at the federal level.
Since each state is different, we recommend that you speak to your accountant or tax preparer who specializes in Louisiana tax law for specific tax questions.
How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Louisiana LLC?
After we complete a Louisiana LLC formation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Louisiana LLC. An EIN is required to open a bank account, hire employees, and to start business credit for your Louisiana LLC. If you purchase our premium package, EIN obtainment is included for your Louisiana LLC.
How do I obtain or prepare a Louisiana LLC operating agreement?
Often times, you can hire an attorney or paralegal to prepare the operating agreement for your Louisiana LLC but that could be very costly. If you purchase our premium package, Sun will prepare the initial operating agreement (standard language) for your Louisiana LLC and include meeting minutes (MS Word format) that you can prepare as needed.
To form a Louisiana LLC online, click here to see the costs and time turnaround options for a Louisiana LLC.
What is a Louisiana LLC operating agreement and why is it so important for my Louisiana LLC?
A Louisiana LLC operating agreement serves as a blueprint for your Louisiana LLC. The operating agreement contains the rights, privileges, and powers of the members and managers. A Louisiana LLC operating agreement will contain the names and addresses of each member and manager. A Louisiana LLC operating agreement will specifiy the percentage each member owns of a Louisiana LLC. A Louisiana LLC operating agreement will also indicate the capital contribution of each Louisiana LLC member. A Louisiana LLC operating agreement normally outlines how it can be amended or changed at a future date. Often there is mention of how long a Louisiana LLC is allowed to operate, the date of dissolution, or if a Louisiana LLC has perpetual existence until the members agree to dissolve a Louisiana LLC.
Another important part of a Louisiana LLC operating agreement is to create "rules" on how a Louisiana LLC can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue membership certificates to its members. As a Louisiana LLC member, the most important reason for an operating agreement besides that most states require one by law, is that it protects each members' personal interest, capital contributed, and a detailed outline of the rights and privledges each member is afforded.
What is a Louisiana LLC seal?
After a Louisiana LLC prepares its operating agreement or has Sun prepare a Louisiana LLC operating agreement, a Louisiana LLC will need a Louisiana LLC seal. What is a Louisiana LLC seal? A Louisiana LLC seal is a handheld device that imprints paper with a Louisiana LLC's name, state of formation, and date a Louisiana LLC was formed. Many banks and other lending institutes require a Louisiana LLC to possess and use a Louisiana LLC seal on business documents or loan papers. All Louisiana LLC kits that Sun sells contain a handheld Louisiana LLC seal embosser.
What is a Louisiana LLC kit?
A Louisiana LLC kit is typically a hardbound binder that contains all of a Louisiana LLC's important documents such as the Louisiana Articles of Organization, operating agreement, and meeting minutes. All of the Louisiana LLC kits that Sun sells include the Louisiana LLC's name hot stamped (professional imprint of the Louisiana LLC's name) on the spine of the kit. Most Louisiana LLC kits come with a slipcase to keep the binder safe. Some Louisiana LLC kits are made with a slipcase built in. The choice is yours.
Another important part of a Louisiana LLC kit is the membership certificates. All of the Louisiana LLC kits that Sun sells contain 20 custom membership certificates that include the Louisiana LLC's name, date and jurisdiction of formation, and
the title of member (s) or manager (s) below the signature lines. If you have already formed your Louisiana LLC, you can order a Louisiana LLC kit by clicking here. We have a selection of high quality Louisiana LLC kits that come in array of styles and colors. Best of all, standard shipping is always free.
Now that you have formed your Louisiana LLC, obtained your EIN from the IRS, prepared the Louisiana LLC operating agreement, issued membership certificates, and used your Louisiana LLC seal embosser, it is time to verify which local city and/or county tax licenses your Louisiana LLC business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your area's business licensing requirements. For those of you who plan to run your Louisiana LLC out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Louisiana LLC.
To form a Louisiana LLC online, click here to see the costs and time turnaround options for a Louisiana LLC.
We wish you the best with your Louisiana LLC business venture! Questions? 888 595-2747