Those considering a business formation in Louisiana might be wondering about the benefits of a limited liability company (LLC). An LLC is a business structure that must follow certain state statutes. Though these statutes vary by state, those who own an LLC are known...
Baton Rouge Legal Blog
Month: March 2020
Limited liability companies
Louisiana residents who are thinking about launching a new venture have several options when it comes to choosing the form of legal entity that the business will operate under. They include sole proprietorships, partnerships, and corporations, but limited liability...
Avoiding common mistakes when selling a company
Business owners in Louisiana and throughout the country may decide that now is the time to sell their companies. While the sale of a business can help to solidify a person's financial future, there are many pitfalls that can arise during the sale process. For...
Buying a business? Consider these 3 tips
You have always wanted to start a business of your own, but you weren't sure where to begin. That is why you were so excited when you found out about a local business that was trying to sell. You know that it's profitable, and you want to take over.Knowing what you...
Tax rates could influence how a trust is designed
Louisiana residents who receive money from a trust must generally account for it on their tax return. If money held in a trust generates revenue that remains inside of it, the trust will be responsible for paying taxes on those funds. As a general rule, the tax...