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Limited Liability Co Registration Licenses LLC licensing

Get LLC Licenses


Required Registrations for LLC.

A(n) LLC Business Tax Registration
(Business License)

Also callled an occupational license,or business permit.)

A Federal Tax ID
(You can use it as a sole owner to open a bank account instead of using your SS#. Employers, Independent Contractors, LLCs, Partnerships, and Corporations are required to obtain it.)

Here's How to Set Up and Get an LLC, DBA, Licenses & Tax IDs

LA | 570953 | Tuesday, March 7, 2023
Limited Liability Co Registration Licenses? Hi, my name is DeLilieth ch s. I'm starting my own LLC, the business name is Gu LLC the Best Structure luck das Zoun and I'm located in Lafayette, LA.
What is needed for LLC Limited Liability Company to be legally set up? I'm trying to get licenses for LLC. looking to , considering and wanna know what do I need to register my own LLC so, I had a question Limited Liability Co Registration Licenses? In addition, does a Limited Liability Company LLC in Lafayette, Louisiana require consider forming a Limited Liability Co ( LLC) Set Up , Licenses, Business Permit, Tax IDs and or Fictitious Business Name Required To Start a Small Business 70507, :
Considering to hire help. LLC in Lafayette,   Lafayette Consolidated Government, Louisiana Starting a business in Lafayette?

All Limited Liability Company LLC business (including home, mobile, and online businesses) need a(n) in Lafayette businesses, MUST Obtain a(n) Business License business permit.
70507. Lafayette Consolidated Government Limited Liability Co Registration Licenses small new business. Where to get Lafayette Limited Liability Company how to get a Business Tax Registration or Home Occupation Permit How do I protect my small business? Do I need business insurance? Where to get Lafayette business license requirements. Louisiana 70507 LLC

How do I get a(n) LA occupational business license? Licenses to start a business for: starting a LA LLC business. Lafayette, Lafayette Consolidated Government  , LA 70507 .
LLC Limited Liability Company

Limited Liability Company LLC
If you are a partnership means you are a business entity with multiple owners and thus you will need a dba and a federal ID.
If you are a service but you also use parts you will need a sellers permit also called a resale license or resale certificate to collect taxes and or buy wholesale.
Any businesses that sell prepared food need a sellers license.

If you are a professional such as an architect or doctor you also need a professional license from the state.

You can choose to be a(n) LLC :

  • Sole Proprietor,
  • LLC,
  • Corporation or
  • Partnership.
    After you decide and select your business entity, you need licensing.

Lafayette Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

A(n) LLC business using a DBA Doing Business As Trade Name in Lafayette Consolidated Government , i.e., starting businesses using a company name other than the legal (given name) owner's name, need a(n) DBA Doing Business As Trade Name Registration.   For example, you start a(n) LLC business and you call it "Ultra LLC Co". You will need to file a trade firm name for it.

Also, keep in mind that in Louisiana though, a business license and a DBA is necessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number.  (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states).
Seller's Permit

Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors.
An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients.
IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID. However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a business tax ID number.
However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting a federal tax ID number.

If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID. I.e., a LA Federal Tax Id Number ($29)  and a(n) LA  State Employer Tax Number  

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Lafayette, Incorporate in LA  or form a(n) LA LLC

If you will set up a corporation or form an LLC, you will not have to file a DBA (Doing Business As) unless your corproration or LLC name will be different that the busienss name you will trade under. Businesses that use the full legal name of the owner as a business name do not need to register an assumed business name. So, for example, your name is "John X Doe" and you use that as a business name.

If you do form an Limited Liability Company llc or incorporate (about $49 plus state fees for most states) your LLC business instead of just filing a fictitious business name (dba), it will help you avoid legal and financial personal liability arising out of business transactions and you will not have to register the Lafayette business name. Instead of filing a Lafayette Consolidated Government fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in Louisiana or form an LA LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..

About Your Business Type


Here is What You Need...

 Let's dive into the exciting world of business structures.

It's not just reserved for the most boring people in the room anymore. It's as exhilarating as watching an action-packed Marvel movie!

Today, we're talking about the age-old question:

LLC or S Corp?

Don't worry, this isn't as complicated as trying to figure out the ending of a M. Night Shyamalan film. Let's make it simple.

First things first, nobody wants to pay more taxes than they need to. That's like willingly choosing to watch a rom-com instead of an action movie. To avoid the dreaded double taxation, most people go for an LLC or S Corp.

If you choose an LLC, you'll be taxed like a sole proprietor or partnership, which means all the business profits will be reported on your personal tax return. If you go for an S Corp, it's like being part of a secret society. You can pass the income, losses, deductions, and credits to shareholders, thus avoiding double taxation.

Now, let's talk about the four main differences between an LLC and an S Corp.

Corporate Formalities: An S Corp is like that uptight friend who always shows up on time, organized to the teeth, and prepared for anything. If you choose an S Corp, you'll need to file annual statements, hold shareholder meetings, and keep track of meeting minutes.

On the other hand, an LLC is like that chill friend who's always down for a good time, no matter what. With an LLC, you won't have to worry about annual statements, board of directors, or member meetings.

Owner and Shareholder Issues: An LLC is like the United Nations of business structures. You can have as many member owners as you want, even foreign members. However, an S Corp is like a small town. It can only have up to 100 shareholders, and they must all be either US citizens or permanent residents.

Shares, Percentage of Ownership, and Owner Liability: Let's say you and your business partner George open an online boutique, and you each own 50% of the business. As time goes by, George focuses on marketing, while you handle the day-to-day operations. When it's time to divvy up the profits, things can get complicated.

With an LLC, you can allocate profits and losses based on each member's percentage of ownership. But with an S Corp, it's based on the number of shares each shareholder owns, which can cause problems if the shareholders have different ideas about how to divide the profits.

Income and Loss Pass-Through: Both LLCs and S Corps allow you to write off most losses as personal losses. But if you're into real estate investments, an LLC has an advantage over an S Corp because you can add the amount of the LLC mortgage to your basis for computing a personal loss.

So, which one is right for you? It's like choosing between a suit or a Hawaiian shirt. An S Corp is like a suit. It's formal, strict, but offers greater tax benefits. An LLC is like a Hawaiian shirt. It's laid back, flexible, but offers fewer tax benefits. It's up to you to decide which one fits your style. Just remember, it's not as complicated as decoding the plot of a David Lynch movie.

Should My Company be an LLC, an S-Corp, or Both?

LLC vs. S Corp: Which Is Right for Your Startup?

Selecting the right business structure can be a difficult project when starting your own small new business. Most small business advisers will tell you that a traditional C Corporation results in higher tax payments because of double taxation. However, if it's not a C Corporation, then what?

The LLC (limited liability company) and S Corporation are the latest most sought after business structures if you want to avoid double taxation. For example, with an LLC, you are taxed as a sole proprietor or partnership. This means that all company profits are "passed through" and reported on your personal income tax return of the shareholders or, in the case of an LLC, the LLC members.

However, the truth is that both the LLC and S Corp will afford legal protections such as separation of your personal assets from any judgment legal actions vs your company (whether from an disgruntled customer, debt owned to a supplier, or anyone else who has filed a legal action against your LLC or corporation).

Even though an LLC and an S corporation are similar, in some cases, they are very different. Of course, every small business is different and surely, you, as an individual may be out of the normal range, however, the following facts may help you decide what is different between these entities.

1. Keeping up with Corporate Formalities

Since an S Corporation is a Corporation, it naturally involves legal compliance, and corporate formalities such as filing a statement of the officers annually. 

The four main things you will have to do as an S Corporation are: 

1. You need to select a board of directors, 

2. File annual statements, 

3. Hold shareholder’s meetings, and 

4. Keep records of your meeting minutes. 

An LLC on the other hand uses an LLC operating agreement and in most states you do not need to file annual statement and or select board of directors nor keep annual LLC member meetings or keep LLC records of your meetings.

The meaning of this is that if you choose to set up an LLC, it will give you less corporate formality work to do each year while you will have the corporate protection as a corporation gives you.

2. Owner and Shareholders Issues

While an LLC has no restrictions whatsoever on the number of LLC member owners, the S Corporation cannot have more than 100 shareholders, who all must be either U.S. citizens or permanent residents. In addition, an S Corporation can only have individual natural persons as shareholders. The owner shareholders cannot be other corporate entities, such as an S Corporation or an LLC.

The implication is that if you file an LLC, you will be able to have foreigners as members and have as many LLC members as you want, as well as have corporation or other LLCs as LLC members.

3. Shares, Percentage of Ownership, and Owner Liability

In an LLC, you can execute an LLC agreement where the ownership, income or loss is attributed to each member based on the percentage of ownership of the member. On the other hand, an S Corp requires that that is based on the amount of shares each shareholder owner owns.

The importance of this is in the administration and allocation of profits and losses. For example, George and Susan open an online business, each owning 50% of the boutique. As time goes by, George focuses on marketing and other tasks, while Susan takes care of the day to day business operations. 

The boutique becomes a big hit, and they make a lot of money. Naturally, they want to take it out of the business and pocket it. However, Susan thinks that because she takes care of most of the online business work, she should keep most of the profits and throw a bone to George (a 50% owner) such as 30% of the profits and Susan will keep 70%.

Contention will arise in a situation such as the above. The solution is to set up an LLC and draft a flexible LLC agreement that outlines the rights, duties, percentage of profits allocated to each member and other details peculiar to the boutique so misunderstandings arise. So, if Susan thinks she contributes more and is entitled to more, she should agree and include it in the LLC agreement provided George agrees. With such a set-up with all details written down, there will be no disagreements.

In contrast, with an S Corp, you will have to split the income 50% - 50% if you have 50% of the shares of the S corporation. If you spit the income in any other way, with an S Corp, you still have to pay 50% share in income taxes of the 50% of the S Corporation's profits. That is, even if you just got only 30% of the profits.

So, if you want to be more flexible in allocating rights, duties, and profits, get an LLC instead of an S Corporation.

4. How does Income and Loss Pass-Through to Members or Shareholders

With LLCs and S Corporations, you can write off most losses as personal losses. If you are into real estate investments, an LLC has another advantage over the S Corp in that you can add the amount of the LLC mortgage to your basis for the purpose of computing a personal loss that is actually the loss of the LLC.

The implication is that even if the LLC cannot write off the loss because of high profits, you can write it off as your personal loss and save tons of money. Thus, if you have been in real estate investments, an LLC will provide more write-offs than an S Corp.

5. Voting Power, Preferred, and Common Class of Stock

In a C Corporation, you can have many different classes of stock, such as common or preferred. With an S Corporation, you can only have one class of stock, though you can have voting and non-voting shares. An LLC has something called different membership classes that you can include in the LLC agreement to avoid the "S" Corp. limitation of only one class of stock. A preferred stock entitles the holder to a fixed dividend, whose payment takes priority over that of common-stock dividends

As a result, with an S Corp, you cannot have both common and preferred stock. Thus, if you prefer to have preferred stock as described above, form an LLC as opposed to an S Corp.

6. Phantom Income and Reinvesting Profits in The Corporate Entity

Since individual owners of an S Corporation or LLC are liable for any taxes owed on the profits of the LLC or S Corp, whether the money stays in the LLC bank account or in your own personal bank account, you will still have to pay personal income tax on the profits of the LLC or S Corp.

For instance, John is an LLC member owning 25% of an S Corporation or LLC and that pass-through corporate entity has an annual profit of $100,000, John will need to report $25,000 in income in his personal tax return even if the income stays with the LLC. This is called the ghost of "phantom income" especially when you do not take that income and deposit it to your bank account, but it is retained as profits in the LLC or S Corporation bank account or other investment account.

The implication is that if you project that your company will be making and retaining more than $50,000 per year and thus pay yourself less income or dividends and leave the rest of the profits in the LLC or S Corp bank account, you may prefer to set up a "C" Corporation. With a C Corporation, you can leave the profit that you do not want to allocate as dividends or income to the shareholders in the C Corporation. Then, the C Corporation will pay income tax on the earnings retained only once and of course, you will not have to be liable for personal income tax retained by the corporation. However, most small business corporations or LLCs will not have to form a C corporation because you can expense and write off most of the profits. This is because, as discussed above, you can claim LLC losses on your own personal income tax return, in which case, it will lower your personal income tax liability.

7. Changing from S to C Corp

Some states will not allow you to change, but most will allow you to change from S to C. It may be more difficult to change from C to S corporation. For example, if you want to change from S to C, simply leave unchecked the S election and click on C on your tax return form. The other way around may be difficult in that you will have to file additional forms. In addition, if you are planning to involve any investors other than shareholders, such as venture firms, you may want to start as a C Corporation because that is the preferred legal structure among venture capital firms.

Of course, ultimately, your particular circumstances will dictate the legal structure you will choose. For example, if your business is subject to lawsuits, as a restaurant might be (e.g., food poisoning, slip and fall suits etc.) or an office environment (sexual harassment etc.) you may definitely want to incorporate or form an LLC. In addition, some states will charge you a flat annual tax fee, some as much as $800 annually (like in California), whether you're an LLC or corporation that makes any money at all. Other states, such as Texas, may charge you a high fee to file a corporation (about $300 to $400) so all these things should be taken into consideration before choosing a legal structure for your business.

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A sole proprietorship is a type of business entity where a single individual owns and operates the business. The business and the owner are considered to be one and the same, meaning that the owner is personally responsible for all the debts and obligations of the business.

In this type of business, the owner has complete control over the operations and the profits of the business. They can make all the decisions regarding the business, such as choosing the products or services to offer, setting the prices, and managing the finances. Additionally, the owner can hire employees to help run the business, but they are not considered owners or partners in the business.

One of the main benefits of being a sole proprietor is that it is relatively easy and inexpensive to set up and operate. In most cases, the owner can start the business by simply registering the business name and obtaining any necessary permits and licenses. Additionally, the owner is not required to file a separate tax return for the business, as they can report the business income and expenses on their personal tax return.

However, being a sole proprietor also comes with some disadvantages. As mentioned earlier, the owner is personally responsible for all the debts and obligations of the business. This means that if the business is sued or cannot pay its debts, the owner's personal assets could be at risk. Additionally, being a sole proprietor can make it more difficult to raise capital or obtain financing, as lenders and investors may be hesitant to invest in a business that is solely owned by one individual.

In summary, a sole proprietorship is a type of business entity where a single individual owns and operates the business. While it is relatively easy and inexpensive to set up and operate, the owner is personally responsible for all the debts and obligations of the business, and may face difficulties raising capital or obtaining financing.

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If your business includes any items or merchandise you provide with the service you will need a sales tax ID to buy them tax exempt and sell them retail to your customers separate from your service.   There is no better way to keep track of your busienss expenses than a business debit or credit card. Note that if you use a trade name, you will need to register a DBA before the bank will open a business bank account.       Remember that even if a business name is your domain name, it must be registered with a fictitious business name. Today, all business need a website that has their information and contacts. If your clients will buy your services or products online, you will eventually have to set up a shopping cart either integrated with your website or separately.   Business cards may help you generate more business.
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You can start your LAFAYETTE business with just $65281 or $69948 that depends on your budget. Starting your business in
  LAFAYETTE LAFAYETTE LAFAYETTE, 70507 calls for some numbers: it has about 15606
residents, though only about 6275 families in this zip code area of the state of Louisiana.
In addition, consider getting a(n) 337 telephone area code to increase reachability and
and identifiability. Nevertheless, you will need a place to set up your business
and a place to stay or you can also buy a house (about $79200 avergage value) , which
you can use as a home based business as well. Your physical address in LAFAYETTE will be
your business address. For Instance, your business address could be 640 LAFAYETTE Hwy/Blvd or 66TH Street/Ave or
LAFAYETTE, Louisiana 70507. You can use a 70507 P.O. Box address as your as
your business mailing address. E.g. P.O Box 58839 LAFAYETTE,Louisiana 70507
. At any rate, in 270 area you have to consider the demographics before
starting any type of business. Briefly, there are about 9948, caucasians,
228 latinos, and 5281 African Americans in the 70507 zipcode area. Another consideration
is targeting your prospects income level to advertise for your new business. Each family here makes
about $35378 per family and has about 2.73 persons per household. Considering weather conditions, take note
that the elevation is 40 feet, and you are in 6 time zone.
For example, you are reading this on 4/24/2024 5:37:06 AM CST.

LLC LLC Louisiana

James Robert Sims 2/13/2024 3:26 AM :

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70507 Lafayette Limited Liability Company
LLC (Limited Liability Company) FAQs:

Q: Should I consider forming an LLC?

A: If you want more business credibility in the business market, you may want to form an LLC instead of a DBA. For example, if your trade name is. deLiliethtch LLC the Best StructureCo. requires a fictitious business name registration, which also requires a fee to be registered.

Registering a fictitious business name does not protect that name nor does it protect the business owner from personal liability related to business actions as setting up a limited liability company (LLC) does. It is perhaps a better choice to just incorporate for the same or a little higher fee because you will also have corporate protection for the business name and personal vs business liabilities.

E.g. if your business has debts the lender can sue you personally to obtain a judgment vs your personal assets as opposed in the case you were a corporation where the lender could only sue the corporation directly and if the limited liability company (LLC) had no assets the lender could get nothing.

Also, consider the prestige that a limited liability company (LLC) affords. Is a name like John's Transmissiona shop better than AEMCOO TRANS, LLC?

Q: I am just one person. Do I Need an LLC?
A: Even if you are just one person owner, you can form an LLC (Limited Liabiliity Company).

Q: Do I need an EIN for my LLC?
A: Yes, you will need an EIN for your LLC to do your LLC taxes and open an LLC bank account.

Q: What if I an an out of state business? Do I still need to register and obtain a limited liability company (LLC)?
A: Unless you have a location in the state you sell it is not required to form an LLC there.

Q: If I set up an LLC, will the LLC help me protect my business LLC from creditors?
A: Yes, actually, only an LLC can help you protect the LLC from its creditors especially if you have another partner member owner in that LLC.

Q: Do I need to obtain a federal or state tax ID number before forming a limited liability company (LLC) or getting other licenses?

Q: How do I build credit under my LLC business?
A: Start by applying for a line of credit for your LLC from your bank if you already have some personal credit.


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