When you start up a new business, it’s going to be a difficult process. It’s a good idea to have some advice to follow as you take the firs steps to becoming a Louisiana entrepreneur.. Create a business plan You’ll need to set up the foundation for your business and...
Baton Rouge Legal Blog
Business Law
4 reasons to choose an LLC for your Louisiana business
Choosing the right business structure is crucial for your Louisiana venture. Look beyond the usual suspects and discover the hidden gem: the limited liability company (LLC). Here are some reasons why it is a great choice. Limited liability The core advantage of an LLC...
Navigating your first year as a business owner
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...
How startups get funding to launch and grow their companies
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...
Tips for operating a seasonal business
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...
Louisiana’s new business incentives
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...
How does a securities-backed line of credit work?
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...
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...
Create a better succession plan using family values
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....
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...