Foundation Contract for Contractor - Louisiana 2025

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The contractor must: Complete the online Commercial Application. Provide a financial statement showing a minimum of $10,000 net worth (must be current within 12 months of application). Pass the required examinations. Be approved by the Board before issuance of the license.
Under Louisiana law, a contractor MUST be licensed and/or registered to bid, contract, and/or perform work in the state of Louisiana. Licensure is regulated by the Louisiana State Licensing Board for Contractors (LSLBC).
How much does a general contractor license cost in Louisiana? ItemFee Background financial investigation/processing $60 Classification $100 Additional classification +$95 for each additional classification, up to +$400 for five or more classifications Administration/transaction fee $120 per classification2 more rows Nov 22, 2023
La. R.S. 9:2772 prohibits any lawsuit against a contractor for damages arising from a construction project five years after: (1) the date project acceptance was filed into the public records; or, if no acceptance was filed, (2) the date of occupancy. This five-year period is referred to as the peremptive period.
For in-state applicants, the process takes about four weeks start to finish. For those who live out of state and want a general contractor license, Louisiana has a 60-day waiting period, which begins once the board receives the application. Once you have your license, you must renew it yearly.

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Foundation agreement is necessary for the creation of company and is considered to be the main document for the formation of legal entity, drawn up in writing. From the legal standpoint, such a contract entails mandatory fulfillment of obligations and existence of founders rights.

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