LLC Cost in Louisiana – How Much to Pay for an LLC

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Perhaps you are hoping to form an LLC in Louisiana. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Louisiana.

Louisiana LLC Cost of Filing

Here are the costs involved in forming an LLC in Louisiana.

Cost of Filing Formation Certificates

The Louisiana Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Louisiana Secretary of State

Louisiana Domestic LLC

  • Online filing costs $100
  • Annual Report filing costs $30
  • Name Reservation costs $25
  • By mail: Fill out the Application Form PDF, and submit it to the following address: State of Louisiana Secretary of State P.O. Box 94125 Baton Rouge, LA 70804.

Louisiana Foreign LLC

  • Online filing costs $150
  • Annual Report filing costs $30
  • Name Reservation costs $25
  • By mail: Fill out the Application Form PDF, and submit it to the following address: State of Louisiana Secretary of State P.O. Box 94125 Baton Rouge, LA 70804.

You can visit the Louisiana Secretary of State website to learn more about the forms and fees.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Louisiana LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Louisiana, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

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Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Louisiana Department of Revenue for regulatory boards or agencies requiring licensing. 

Louisiana Taxes to be Paid

The business LLCs in the State of Louisiana are subject to different State tax filing obligations. Though the fees may vary from county to county.

Louisiana State Income Tax

This is the State Tax levied on any income you pay to yourself. The tax rate in the State varies between 2% to 6% depending on the total amount of taxable income.

Louisiana Sales tax

The standard rate of sales tax applicable is at the rate of 6.25%. Though the taxes may vary depending on the county and city.

Louisiana Federal Self-Employment Tax

Any profit that Louisiana LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Louisiana Payroll tax withholding

If you hire employees in Louisiana, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Cost Comparison among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Louisiana, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales tax
Louisiana LLC$100$30 (annual)6.25%
Arkansas LLC$45$150 (annual)6.50%
Mississippi LLC$50$07.00%
Texas LLC$300$06.25%
Oklahoma LLC$100$254.25%

Louisiana is a strategically located state with a higher growth rate. The major contributing industries in the State are natural resource production and agriculture, commercial fishing, natural gas, and petroleum.

Other Costs

How Much Does It Cost to Maintain an LLC in Louisiana

How much does it cost to maintain an LLC in Louisiana? In Louisiana, an LLC must file an Initial Report and pay an annual fee. The fees for filing an Initial Report are $100 for a domestic LLC and $150 for a foreign one. The operating agreement is a legal document that details the rights and responsibilities of members. It also contains procedures for adding new members. The Louisiana Secretary of State’s website offers a comprehensive list of business forms.

In Louisiana, LLCs are required to file annual reports. These must be filed to the state’s Secretary of State and cost $30. The names and addresses of LLC members and managers must also be included on these reports. The signature of the owner must be included on the forms. In addition, LLCs must pay an annual fee of $10 to maintain their status. The Secretary of State’s website provides a list of fees and other information for LLC filings.

When it comes to fees, forming an LLC in Louisiana doesn’t require a lot of money. The Secretary of State only requires a $50 fee for creating an LLC and another $10 for filing a Periodic Initial Report. Additionally, LLCs in Louisiana must have an operating agreement, although this is not legally required. An operating agreement is a document that spells out how the LLC will operate. This document can help avoid ownership disputes in the future.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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