It isn't uncommon for most new businesses to fail during their first year in operation. However, there are steps that you can take to give your Louisiana firm a chance to beat the odds. One key step is creating a business plan that provides a clear roadmap for how the...
Entrepreneurs in Louisiana have the ideas and energy to create new businesses. Sometimes people have the personal funds to finance their business dreams. Launching a startup with your own money gives you the greatest level of control, but you likely do not have...
Seasonal businesses can be both profitable and difficult to run in Louisiana and around the country. They often have massive profits from holidays and the days and weeks surrounding holidays. Profits from that period are supposed to last for much of the year. As a...
When you start a business in Louisiana, the government can help you grow with various incentives, tax credits and other benefits. However, this help is not always easy to find and access. Here are some types of incentives and what it takes to get them. Enterprise zone...
In Louisiana, individuals can obtain credit through a facility that allows them to borrow against securities they own, called a securities-backed line of credit (SBLOC). The line of credit provides flexibility similar to a credit card. However, using an SBLOC comes...
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...
Louisiana business owners need a succession plan for their family-owned company that aligns with their business and family values. The best strategy may require some negotiating between the desire to balance company-based values with the love-based values of family....
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...
Owning and operating a business can be exciting and rewarding in various ways, but it can also come with a great deal of responsibility. One issue that remains a relevant concern for many small business owners in Louisiana may pertain to the topic of taxes. While...
While those who are preparing to start a new company might feel that addressing the possibility of failure is an intimidating concept, it may also be vital to protecting against similar concerns. Studies indicate that there are numerous reasons that new businesses may...