Historically, Louisiana residents in their 30s would be looking into starting their estate plans. By their 50s, it would just need yearly maintenance. However, studies show that middle-aged adults aren’t creating estate plans at that age. Less than 23 percent of...
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Should you buy or start one yourself?
If you're looking to become a business owner, you can choose to start a new company or acquire one that is already open for business in Louisiana. The choice that you make will depend on the amount of startup capital you have as well as your confidence in being able...
What is per stirpes in Louisiana estate planning
If you are wondering if there is a way in your estate planning for the heirs of a person who preceded you in death for their family to get their share of the estate, the answer is yes. Using per stirpes instead of per capital allows a person in Louisiana to pass...
Creating an LLC operating agreement
Starting a limited liability company (LLC) is a good option for many Louisiana entrepreneurs due to its flexibility, tax benefits and liability protection. A critical step in setting up an LLC is creating an operating agreement. An operating agreement is a legal...
Choosing between an LLP and an LLC
If you are starting a new business, you have many different ways of organizing it to suit your situation. If your organization is a partnership of some kind, one of the most important choices you have to make is whether you want it to be a partnership or a...