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Establishing a Sole Proprietorship in Louisiana
- Decide on a business name
- File a DBA name with the Parish Clerk of Court
- Obtain licenses, permits, and zoning clearance
- Get an Employer Identification Number
- Consider trademark searches
LLC vs. Sole Proprietorship
- LLCs protect personal assets; sole proprietorships don’t
- Checklist to establish an LLC: choose a name, register it, get licenses and permits, obtain an EIN, and open a bank account
Operating Under a Different Name with a DBA
- File the notarized DBA form with the Parish Clerk
- $75 fee, renewable every ten years
Do I need to register a sole proprietorship in Louisiana?
- Requirements vary by location
- Create a sole proprietorship by starting business under your name or DBA
- Unlimited personal liability for business debts and obligations
How to establish myself as a sole proprietor
- Decide on a business name
- Register your DBA name locally
- Obtain licenses, permits, and zoning clearance
- Get an Employer Identification Number