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Louisiana
Corporate Name Endings
- The name of the
corporation shall contain the word "Corporation," "Incorporated," "Limited,"
or an abbreviation thereof. The name may contain the word "Company"
or the abbreviation "Co.," if "Company" or "Co." is not immediately
preceded by the word "and" or the symbol "&." The name must not be the
same, or deceptively similar to, any other reserved or registered names
of another corporation. The name cannot use certain enumerated words
relating to banking, savings and loans, or insurance.
Corporation Requirements
- Director Information
- Minimum Number - Not less than three, unless there are only
one or two shareholders of record; then the number of directors may be
less than three but not less than the number of shareholders.
- Residence Requirements. - No provision.
- Age Requirements - None.
- Directors are
required to be listed in the articles of incorporation.
- Officer Information
- Officers are
not required to be listed in the articles of incorporation.
- Stock Information
- An increase
in shares or par value does not affect initial filing fees.
- Corporate Records
- Books and accounts
showing the amounts of the corporation's assets and liabilities,
and minutes of the meetings of shareholders and directors must be
kept with the corporate records.
Taxes and Fees
- Annual Statements
- Annual reports
must be filed with the Secretary of State by the anniversary date
of the corporation's initial filing with the state. The filing fee
is $25.
- Income Tax Rate
- The State of
Louisiana taxes include components for income and franchise taxes.
The income tax is based upon the rates listed below. The franchise
tax is based upon capital. Franchise tax rates are 1.5% for the
first $300,000 in capital and 3% for any capital thereover. The
minimum franchise tax is $10.
| Louisiana Taxable Income Over |
But Not Over |
Tax Rate |
| $0 |
$25,000 |
4% |
| 25,000 |
50,000 |
5% |
| 50,000 |
100,000 |
6% |
| 100,000 |
200,000 |
7% |
| 200,000 |
over |
8% |
- S Corporation
- S Corporation
status is recognized by the State of Louisiana. A separate state
election from the federal election is not required.
- License Requirements
- Louisiana
requires many businesses to obtain a license and pay a fee if operating
in the state. Please check with the state to make sure your business
is complying with the license requirements for your particular profession.
For more information on taxes, visit
www.rev.state.la.us
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