Free Louisiana LLC Operating Agreement Templates

A Louisiana LLC Operating Agreement is a formal document composed by the owners of the LLC to elaborate on the aspirations of the business, explain how it functions, and indicate the standards the members and managers of the company have to follow on a daily basis. Although the LLCs formed in Louisiana are not obliged to submit or even prepare an operating agreement, it is strongly advised to have one in place - this way, you will confirm the organizational form of your entity and create your own rules if you believe the current corporate law regulations do not reflect the true nature of your company.

Louisiana LLC Operating Agreement Template Types

• A Louisiana Single-Member LLC Operating Agreement Template is going to establish the separation of the property of the owner from what the company owns - you will not pay for the liabilities of the business from your own pocket. The clauses the document lists will also certify you do not have to submit a tax return for the business - the LLC does not pay taxes if you are the only owner;
• Louisiana Multi-Member LLC Operating Agreement Template. This instrument is of increasing importance when it comes to businesses with more than one member in charge - if you have a disagreement later on and fail to find a common ground regarding the company policy, the operating agreement will serve as a manual and a reminder of what to do. Moreover, it will tell you what measures to take when one of the owners dies or prefers to retire - you will have the opportunity to access their share.

How to Form an LLC in Louisiana?

Here is what is needed for the LLC to become legitimate in Louisiana:

1. Find the individual or entity ready to act as your representative - they will receive formal correspondence from various authorities in the name of your business. Note it is only allowed to choose the Louisiana or the organization authorized to conduct business operations in the territory of Louisiana.
2. Submit the application to register your business . You have to select the correct documentation - there are different forms available for domestic and foreign businesses - those formed inside and outside of Louisiana respectively. Attach a filing fee and send the paperwork to the Secretary of State.
3. Negotiate with the other members and determine what to write in the Louisiana LLC Operating Agreement Template . Indicate the name and location of the entity, list the names of the owners, describe their roles, record the terms of profits and stock distribution, and enter the instructions to adhere to when the members update the document in question, redistribute the revenue, or shut down the company. You may make modifications to the instrument whenever it is needed - ensure all members acknowledge their approval with the terms put in writing by signing the form.
4. To demonstrate to business partners, clients, and banks your company has a legitimate status, obtain an employer identification number . It will allow you to hire employees, get loans, and improve your standing in the industry if you do not have much experience in the area. In order to apply for this number, you must contact the Internal Revenue Service online or via traditional mail.

Haven't found the template you're looking for? Take a look at the related forms below:

• LLC Forms;
• Partnership Forms;
• Corporation Forms.