Setting up a business in the state of Louisiana requires many legal documents and forms to be created, filled out and submitted. There are licenses that must be acquired and fees that must be paid. If the company will sell goods or products there are sales tax forms and reports that must be handled properly.
Creating a corporation or a limited liability company also may require partnership agreements that can cover:
- Initial Cash Contributions
- Allocation of Profits and Losses
- Decision Making Authority
- Authority to Add Additional Partners
- Managerial Authority and Responsibilities
- Partner Withdrawal
An agreement should also be in place that details asset allocation in the event the partnership is altered or dissolves.
If you are looking to create a new company, register a DBA or register a trade name in the state of Louisiana, contact Doug White to be sure you don’t miss a step that could cause major issues in the future.