Effective July 13, the initial corporation franchise tax and the corporate franchise tax that is levied on the first $300,000 of taxable capital is suspended for small business corporations for the taxable periods beginning between July 1, 2020 and June
Louisiana – Business Corporations Act Amended
Effective August 1, House Bill 310 extends the period for reinstatement for a terminated corporation as outlined in the Business Corporations Act to five years after the effective date of the corporation’s termination. http://legis.la.gov/legis/ViewDocument.aspx?d=1049589
Louisiana – Scam Alert
Secretary of State Tom Schedler has warned of mail coming from the Business Compliance Division regarding potential compliance violations. This is a private company that is not associated with the Louisiana state government. All mail should be discarded. http://www.sos.la.gov/Pages/NewsAndEvents.aspx#faq144
Louisiana – Scam Alert
Secretary of State Tom Schedler is notifying business owners to be cautious when receiving mail regarding “potential compliance violations” from “Business Compliance Division.” This is a private company that is not associated with Louisiana state government in any way. Discard
Louisiana – LLC Termination Exception
Effective August 1, an exception to the current LLC termination rule can apply if written out in the LLC’s articles of organization or a written operating agreement. http://www.legis.la.gov/legis/ViewDocument.aspx?d=1005439
Louisiana – LLC Tax Treatment
Effective March 10, LLCs registered in Louisiana will be treated as corporations for federal income tax purposes including state income and franchise taxes, unless a Subchapter S election has been made. http://www.legis.la.gov/Legis/ViewDocument.aspx?d=985178
Louisiana – Name Reservation
Governor Jindal singed House Bill 394 which takes effect on October 5th. The bill amends existing law regarding business entity name reservation to provide for a nonrenewable reservation period of 120 days. It also requires a person seeking to register
Louisiana – Scam Alert
The Secretary of State Office has issued a notification alerting business owners of a scam distributed by the company Corporate Records Service. The company sends out letters that request the completion of a “Annual Records Solicitation Form” and payment of
Louisiana – Filing Fees Raised
Effective August 1, 2013, the Louisiana Secretary of State’s office will see an increase in filing fees. The legislation can be found by following the link below. http://www.legis.la.gov/legis/ViewDocument.aspx?d=857598&n=HB430%20Act
Louisiana – Revised Limited Liability Company Act
Signed by Governor Bobby Jindal on the 18th of June, Senate Bill 203 enacted a Revised Limited Liability Company Act. Effective January 1, 2013 it is intended to increase the flexibility of the act and enable tailored LLC’s to meet