Cost Breakdown for Setting up an LLC in Louisiana
The $100 fee is a one-time fee to start your Louisiana LLC. Naming your LLC doesn’t cost anything. LLCs are the most popular business entity in Louisiana because they offer liability protection for the LLC owners.
Costs to Form an LLC in Louisiana
1) Louisiana LLC Filing Fee ($100) – To form an LLC, you must file the Articles of Organization.
2) Registered Agent Service Fee ($80 – $300 per year)
3) Name Reservation Fee ($25 – Optional)
Steps to Form an LLC in Louisiana
1) Choose a Unique Business Name
2) File Articles of Organization
3) Appoint a Registered Agent
4) Create an Operating Agreement
5) Get an EIN
6) File Annual Reports – $30 per year
Taxes for Louisiana LLCs
- Sales Tax (6.25%)
- Income Tax (2-6%)
- Federal Taxes
- Unemployment Insurance Tax
Additional Insights on Louisiana LLC Costs
- Starting a Louisiana LLC comes with more costs than just filing the initial paperwork.
- Louisiana LLCs must pay annual report fees and taxes.
- Cost for registering a foreign LLC in Louisiana is $150.
- Estimated cost for an LLC operating agreement in Louisiana is around $50 to $500.
- Louisiana LLCs are not required to hold meetings.
Taxation and Other Considerations
- Taxes in Louisiana for LLCs are straightforward. Check with the revenue department for relevant taxes.
Important Information for LLC Formation
- Select a unique name for your Louisiana LLC.
- Consider all practical aspects, including maintenance costs and taxes.
- Costs for expedited processing may vary depending on the desired LLC structure.