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Incorporation >> Incorporation in US States
The state of Louisiana has devised several mechanisms to make it as easy as possible for organizations to incorporate within the state. Information on incorporating is publicized through various forms of media such as business journals, the internet and electronic media.
Although incorporation is not compulsory for Louisiana companies, it is highly recommended. Incorporated companies enjoy various benefits under the state’s laws such as limited liability protection for owners of companies from liabilities incurred by their organization, flexible tax packages based on the type of organization, perpetual existence, flexible management structure and public assistance during the start up phase of their operation.
Prior to filing for the Articles of Incorporation, the state requires organizations to choose a name for their company. This name must be unique and not previously recorded in the state's data system. It must be accompanied by the term 'company,' 'incorporation,' 'limited,' or 'corporation' to state the status of the company. Once approved, the name is registered for further processing.
The application process entails the choosing of a name by the organization. The name is checked against state records to ensure it has not been previously recorded in its system. It must have either of the words company, incorporated, limited or corporation affixed to its name to signify the type of organization. Next, applicants move to the application phase where they complete their prescribed application forms based on the type of organization. The forms request basic information such as the purpose of the organization, its approved business name, and the name and physical address of its initial registered agent.
Louisiana requires organizations to have at least three directors except for self-run businesses or those with less than three shareholders. These individuals steer the organization.
The final cost for filing fees are affected by two things. The basic fee starts at $60 for normal processing time of within three to five weeks. Processing time can be reduced to one to three working days if the express service is used. This will however require a higher fee. Finally, the final cost of the filing fees is pegged to the amount of shares distributed by the organization.
After attaining approval for your company name, applicants then proceed to file for the Articles of Incorporation. This involves filling out the required application for your specific organization along with all the necessary information required. These forms include information such as the name and address of the company, its principals and agent. Once the information has been analyzed and approved, the organization is issued with their Articles of Incorporation.
Louisiana Incorporation
The state of Louisiana has devised several mechanisms to make it as easy as possible for organizations to incorporate within the state. Information on incorporating is publicized through various forms of media such as business journals, the internet and electronic media.
Although incorporation is not compulsory for Louisiana companies, it is highly recommended. Incorporated companies enjoy various benefits under the state’s laws such as limited liability protection for owners of companies from liabilities incurred by their organization, flexible tax packages based on the type of organization, perpetual existence, flexible management structure and public assistance during the start up phase of their operation.
Company Name
Prior to filing for the Articles of Incorporation, the state requires organizations to choose a name for their company. This name must be unique and not previously recorded in the state's data system. It must be accompanied by the term 'company,' 'incorporation,' 'limited,' or 'corporation' to state the status of the company. Once approved, the name is registered for further processing.
The application process entails the choosing of a name by the organization. The name is checked against state records to ensure it has not been previously recorded in its system. It must have either of the words company, incorporated, limited or corporation affixed to its name to signify the type of organization. Next, applicants move to the application phase where they complete their prescribed application forms based on the type of organization. The forms request basic information such as the purpose of the organization, its approved business name, and the name and physical address of its initial registered agent.
Directors
Louisiana requires organizations to have at least three directors except for self-run businesses or those with less than three shareholders. These individuals steer the organization.
Filing Fees
The final cost for filing fees are affected by two things. The basic fee starts at $60 for normal processing time of within three to five weeks. Processing time can be reduced to one to three working days if the express service is used. This will however require a higher fee. Finally, the final cost of the filing fees is pegged to the amount of shares distributed by the organization.
Incorporation Process
After attaining approval for your company name, applicants then proceed to file for the Articles of Incorporation. This involves filling out the required application for your specific organization along with all the necessary information required. These forms include information such as the name and address of the company, its principals and agent. Once the information has been analyzed and approved, the organization is issued with their Articles of Incorporation.
