Louisiana Small Business Startup Package for S-Corporation

Category:
State:
Multi-State
Control #:
US-P107-PKG
Format:
Word; 
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PDF
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Description

The package is designed to assist an S corporation in running the corporation by providing a large selection of necessary and commonly used forms at a greatly reduced price. The forms provided are valuable tools to ensure the smooth operation of typical business affairs. Purchase of this package is a savings of over 75% off the price compared to purchase of the forms individually!


The documents in this package include the following:



Profit and Loss Statement - This is a general Statement of Profits and Losses for a company. It lists in detail, all profits, or gains, as well as all losses the business may have suffered. This form can be used by any type of company, whether a corporation or a sole proprietor.







2553-S Corp Election for Small Business - This form is used to be treated as a subchapter S corporation by the IRS.



General Trademark License Agreement - This form is a Trademark License Agreement. The licensor is the owner of certain trademarks and the licensee desires to use the trademark on the terms and conditions set forth in the agreement. The licensor agrees to grant to the licensee an exclusive worldwide right and license to use the trademark in connection with the licensee's product.



Investor Stock Purchase Agreement - This is a form authorizing the sale of stock to investors in a company. Detailed provisions cover the representations and warranties of both parties, as well as the specifics of the transaction.



Amendment to Bylaws - This is an Amendment to the Bylaws form, to be used across the United States. This is to be used as a model, and should be modified to fit one's own personal needs.


Job Invoice-Short - This form is a job invoice form. It contains provisions for a job description, starting date, completion date, date and hours worked, list of materials and costs, and an itemized statement of total due for materials, labor, and other.








Employment Agreement - General - This form is used when an Employee agrees to be employed by Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of Employer services as may be reasonably requested from time to time by the Employer. The agreement contains provisions for compensation, confidentiality, non-competition and breach of contract.



Employment Agreement with Covenant Not to Compete - This form is used when an Employee agrees to be employed by an Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of the Employer as may be reasonably requested from time to time by the Employer. This agreement contains a covenant not to compete clause.



Self-Employed Independent Contractor Employment Agreement General - A company agrees to hire a contractor to perform work on the terms and conditions set forth in the agreement. The contractor agrees that all financial and accounting records will remain the confidential property of the company. The form also provides that the company will reimburse the contractor for all reasonable and necessary expenses incurred by the contractor with the performance of his/her duties.



Secrecy, Nondisclosure and Confidentiality Agreement by Employee or Consultant to Owner - The first party has possession of proprietary information and know-how relating to an idea, product or service, and wishes to employ the second party but desires that the second party agree not to disclose information learned by second party during such employment. Both parties agree that all information, ideas, products or services, processes, written material, samples, models and all other information of any type, whether written or oral, submitted to the second party by the first party is now, and will remain, the property of first party.



Drug Testing Policy Disclosure and Consent Form - This form explains the drug testing policies of a particular company and includes a consent form.



Employee Permission to Do a Background Check - This is a form signed by an employee or prospective employee granting an employer permission to do a background check.



Employment Position Announcement - This form is a business type form that is formatted to allow you to complete the form using Adobe Acrobat or Word. This form allows an employer to announce that applicants for a position with the company are being sought.


Consultant Agreement - This form is a Consultant Agreement for use with consultants exposed to commercial trade secrets or other confidential information as part of their work with a business.


Internet Use Policy - This agreement is to be signed by an employee upon the request of a company concerning the proper uses of internet access. The agreement defines acceptable uses and states that the inappropriate use of the Internet may lead to denial of access or other action by the company.



Also included in this package are: Employment Termination Agreement, Cash Disbursements and Receipts, Check Request form, Daily Accounts Receivable, Yearly Expenses by Quarter, Petty Cash Form and Purchasing Cost Estimate

If you are planning to start a small business in Louisiana and want to operate it as an S-Corporation, understanding the Louisiana Small Business Startup Package for S-Corporation is crucial. This package provides you with a comprehensive set of documents and services necessary to establish and operate your S-Corporation in compliance with Louisiana state laws. The Louisiana Small Business Startup Package for S-Corporation typically includes the following essential components: 1. Formation Documents: This includes the preparation and filing of the necessary formation documents, such as Articles of Incorporation with the Louisiana Secretary of State. These documents establish your S-Corporation's legal existence and outline its key details, such as the registered agent, purpose, and authorized shares. 2. State Compliance: Ensuring compliance with Louisiana state regulations is vital for your S-Corporation's operation. The startup package assists you in meeting these requirements, such as obtaining necessary licenses and permits, registering with state agencies, and complying with ongoing reporting obligations. 3. Federal Tax Identification Number (EIN): The package helps you obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). Your EIN is essential for various purposes, including tax filings, banking, and hiring employees. 4. Bylaws Document: Bylaws are the internal rules and regulations that govern your S-Corporation's operations. The package provides assistance in drafting and customizing these bylaws to suit your specific business needs, addressing key aspects like voting procedures, shareholder meetings, and director responsibilities. 5. Shareholder Agreements: If you have multiple shareholders, the package may include guidance and templates for creating shareholder agreements. These agreements outline the rights and obligations of the shareholders, including ownership percentages, restrictions on share transfers, and procedures for resolving disputes. 6. Stock Certificates: Issuing stock certificates to initial shareholders is a common practice for S-Corporations. The package may offer templates and guidance for creating legal stock certificates that document each shareholder's ownership interest in the company. Different providers may offer variations of the Louisiana Small Business Startup Package for S-Corporation, depending on their scope and additional services provided. Some providers may include perks like registered agent services, annual report preparation, or ongoing compliance support. Before selecting a package, it's crucial to assess your specific business requirements and budget. Consulting with legal professionals or specialized service providers can help you choose the most suitable startup package based on your needs. In summary, the Louisiana Small Business Startup Package for S-Corporation encompasses the essential documents and services required to establish and operate an S-Corporation in Louisiana. By obtaining this package, you can ensure compliance with state regulations, establish proper governance, and kick-start your small business effectively.

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FAQ

Starting with the 2022 tax year, corporate taxpayers that timely request a federal extension to file their income tax return will receive an automatic extension to file their Louisiana Corporation Income and Franchise Tax (CIFT) return for the same period to the later of (a) the date of the federal extension or (b) six ...

Like a partnership, an S corp is a pass-through entity for tax purposes. Its income, losses, deductions, and credits are passed to the owners?shareholders (if the business is formed as a corporation) and members (if the business is formed as an LLC).

For federal tax purposes, a corporation must file Form 2553, Election by a Small Business Corporation, to gain S corporation status. Most states follow the federal government in recognizing the S election. However, Arkansas, New Jersey and New York require a separate state S election.

In general, the smaller, simpler, and more personally managed the business is, the more appropriate the LLC structure would be for the owner. If your business is larger and more complex, an S corporation structure would likely be more appropriate.

You need to earn at least $40,000 in profit for an S Corp to make sense, though. Otherwise, the costs of forming and running it exceeds the benefits of an S Corp. Here are some charts that show the tax savings for businesses with $40,000, $80,000, and $100,000 in profit.

Step 1: Name your Louisiana LLC. Start by giving your LLC a name. ... Step 2: Designate a registered agent in Louisiana. ... Step 3: File Louisiana Articles of Organization. ... Step 4: Create an LLC operating agreement. ... Step 5: Apply for an EIN for your Louisiana LLC. ... Step 6: File form to apply for S corp status.

Technically an S Corporation is a pass-through entity but Louisiana income tax law does not recognize Subchapter S corporation status. An S corporation is required to file income tax in the same manner as a C corporation.

Some jurisdictions?the District of Columbia, Louisiana, New Hampshire, New York City, Tennessee, and Texas?do not recognize the federal S corporation election and, for the most part, tax S corporations like other business corporations.

More info

An important step in forming a new business is to determine the type of business structure that you will use. ... complete legal activities necessary to start ... Checklist of Requirements for Louisiana Businesses · Select a corporate or legal structure for your business. · Complete a new entity filing with the Secretary of ...This form is a handy checklist for the owner of a new business to use as a helpful tool in forming a new business. The form covers the stages of background ... How to Start a Business in Louisiana · 1. Choose a Business Idea · 2. Decide on a Legal Structure · 3. Choose a Name · 4. Create Your Business Entity · 5. Apply for ... Jun 30, 2023 — Name Your Business; Choose a Registered Agent; File the Louisiana Articles of Organization; Create an Operating Agreement; File Form 2553 to ... In this video, I'm showing you how to create an S Corp step by step in 2022, the easiest and most affordable way possible. Step 1. Define your business concept. · Step 2. Draft a business plan. · Step 3. Choose a business name. · Step 4. Fund your startup costs. · Step 5. Choose a ... Choose a corporate name; File your Articles of Incorporation; Appoint a registered agent; Start a corporate records book; Prepare corporate bylaws; Appoint ... Oct 31, 2023 — Step-by-step guide on registering a business in Louisiana. Learn how to legally establish your company in Louisiana with ease. Do-it-yourself Louisiana S Corporation Kit · Step 1: Form an LLC or a Corporation · Step 2: Apply for an EIN · Step 3: Elect Subchapter S Treatment.

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Louisiana Small Business Startup Package for S-Corporation