If you are planning on starting a business in Louisiana, there are plenty of options available for you when it comes to the formation process. It's best that you research all of your options and how they would benefit or hurt your potential business before coming to a decision. This is a legal process that will also affect your taxes, so be sure you choose properly.
The business formation options available for you in Louisiana are as follows:
- Sole proprietorship
- Limited liability company
- Limited liability partnership
Each of these business formation options comes with its disadvantages and advantages. You need to compare what each offers for a business in Louisiana before making a decision. Choosing the wrong formation option can put you at a major disadvantage when it comes to your taxes.
Once you decide which type of business formation you will choose for your new venture, you can file the paperwork online in Louisiana. You can also file the paperwork via fax or in-person in Baton Rouge in a building directly behind the Louisiana State Archives.
When filing for business formation, you must make sure that all of the information entered on the paperwork is correct and factual. This includes your name, business name, address, contact information and all of the required signatures. The paperwork must also be notarized.
As you can see, there are quite a few options available for the formation of a business in Lafayette, Louisiana. Don't make a decision just to make one. An informed decision will put your business on the right path before it even gets off the ground and running.