The Louisiana Limited Liability Company (LLC) is actually a legal entity and has all of the same rights and protections that any other business has. However, to protect their clients, LLCs have a limited liability and must follow state law. To help you understand how an LLC can protect itself and your personal finances, we will provide a brief overview of what an LLC is, as well as how an LLC will establish itself in your state.
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First, an LLC is a separate legal entity from its owners. An LLC is created by filing Articles of Organization with the Louisiana Corporation Commission (SEC). Once filed, an LLC member can transact business as if he or she is the sole owner.
An LLC member should register his or her name online through the state's Office of the Secretary of State. This is a quick and easy process, and when completed, an LLC member can access the company's online business database. Within the database, an individual can locate all of the filings that have been made by LLCs in the past three years, as well as obtain information on each of the LLCs for which there are records.
How an LLC Louisiana Operating Company Can Benefit From Online Order Status Tracking
For an individual, researching and viewing the information provided in an LLC's online database is the best place to start. One can locate any official documents such as the Operating Agreement, Memorandum of Association, and Income Taxes, among others. One can also receive a free business tax consultation and request a full list of all current filings. An individual can even request the state's database for an overview of his or her entire state-wide portfolio. With these tools available at his or her fingertips, an LLC member is better informed about his or her future business ventures.
Additionally, the state website will provide a list of all active LLCs. When viewing the list, an individual will see if the LLC has ever filed an application for authority to do business in the state. If the LLC filed its application, he or she will also see if it was approved or rejected. Upon selecting one of the links on the state website, an individual can select the LLC's registered agent and telephone number.
Next, an individual will need to select the state fee for his or her LLC. The state fee varies by location, so the site will provide a map or table of contents so that one can locate a list of the filing fees for his or her state. If the LLC filed its articles of organization, the individual will also be required to download and print a copy of the complete Operating Agreement, duly executed by all LLC members. Then, he or she will need to download and print a copy of the Articles of Organization. These documents are extremely important documents because they clearly outline the LLC's characteristics and goals, as well as its financial statements and other paperwork.
Once the documents are complete, the person needs to select the type of payment he or she wants for his or her LLC. A person may select from a variety of methods, including one or more of the payment options that are available through PayPal or online banking. In addition, the member will be able to select a method for paying his or her state fee. If an individual chooses to pay his or her state fee using a check, he or she must write the check out to the LLC instead of paying it to the state.
The final step in the process is to submit the forms to the Secretary of State. Each LLC must fill out and file a legal form with the Secretary of State before it can operate legally. After it does, all LLC members must send in their payments and submit all other forms and information to the Secretary of State before the first business day of the new year. All payments received after this date will go towards the LLC's operating fees.
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