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Commonly Asked Questions about Louisiana Corporation Forms

Filing as an S Corp in Louisiana Step 1 Name your Louisiana LLC. Step 2 Designate a registered agent in Louisiana. Step 3 File Louisiana Articles of Organization. Step 4 Create an LLC operating agreement. Step 5 Apply for an EIN for your Louisiana LLC.
To qualify for S corporation status, the corporation must meet the following requirements: Be a domestic corporation. Have only allowable shareholders. Have no more than 100 shareholders. Have only one class of stock.
How much does it cost to start an S-Corp? Registering an S-corp requires paying state filing fees which can range from $40 to $500, depending on the state. States also typically require annual fees to maintain a corporations status.
Starting an LLC costs $100 in Louisiana. This is the state filing fee for a document called the Louisiana Articles of Organization. The Articles of Organization are filed with the Louisiana Secretary of State, and you can file your LLC online. And once approved, this is what creates your LLC.
How to start an LLC in Louisiana in 7 steps Pick your business name. Choose your registered agent. Obtain relevant state business permits. File Articles of Organization. Draft your LLC operating agreement. Apply for an EIN and pay relevant taxes. Organize your annual reports.
Yes, one person can form an S corporation and serve as its sole board member and employee. Note, however, that youll still need to hold annual meetings of the board of directors and take minutes at those meetings, even if youre the only one in attendance.
LLCs taxed as corporations must also pay Louisianas corporation franchise tax. Use form CIFT-620 for your corporation income and franchise tax return. Electing pass-through entity tax status. Louisiana LLCsalong with S corporations and other businesses taxed as partnershipscan elect to be taxed at the entity level.
To form a Louisiana S corp, youll need to ensure your company has a Louisiana formal business structure (LLC or corporation), and then you can elect S corp tax designation. If youve already formed an LLC or corporation, file Form 2553 with the Internal Revenue Service (IRS) to designate S corp taxation status.