You can always check at the Louisiana business entity search database, which is free to use. One of the most important requirements is that your business name needs to be distinguishable from other Louisiana businesses, so you’ll have to first check if your desired name is still available and that other company did not get there before you. The abbreviations are also accepted, so you could either have L.L.C or L.C at the end of the business name instead if you would prefer. In Louisiana, all business names are required to include the term ‘Limited Liability Company’ at the end of the business name. Once you’ve come up with what you feel is a suitable name, you must then consider the naming requirements of the state. If possible, you should make the business name relevant to the type of business venture, so just by looking at the name, it is very clear to potential customers what you do. Before you start coming up with a few names, you should spend some time doing some research. Louisiana LLC Pros and Cons ProsĪ vital step in the formation is actually naming your business, as there is a lot to consider. Thanks to their liability protection, flexible management structure and tax advantages, they are one of the most common legal entities. There is no maximum size of a business that can be an LLC, be it one with just one owner or a business with many co-owners and lots of employees. In some states, some types of professionals must form special types of professional LLCs. They are hugely popular for all different types of business, as they provide limited liability while also being relatively cheap and easy to form and run. Essentially, it takes all the best parts of other business types such as a sole proprietorship, partnerships and corporations. If you own a business, you can file to be an LLC with the state, which comes with many benefits. As a new business owner, the term LLC is likely to be pretty familiar to you, but what actually is an LLC, and why might you want your own business to be an LLC? Although most people just call then ‘LLC’, it actually stands for ‘Limited Liability Company’, which is a type of business entity.
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