To be competitive, contractors in Louisiana and across the country often must keep their profit margins low. When clients pay, tight profit margins are not typically a problem. If one or more of your clients refuses to pay for the services you have already provided,...
Perhaps you launched your Baton Rouge consulting company as a sole proprietorship a few years ago, but business is increasing, and you need to add staff. The idea of restructuring into a limited liability company comes to mind. What are the advantages in doing so?...
Starting a business in Louisiana may come with valuable incentives. Louisiana Economic Development offers several programs for new companies in the state, creating an attractive economic landscape for businesses of all sizes. Entrepreneurs considering Louisiana as a...
Perhaps you have dreamed of starting a business of your own for a long time and the opportunity is finally on the horizon. Think the process through carefully and find success by avoiding the mistakes other new business owners have made. Prepare a marketing plan Many...
In Louisiana, a special set of statutes known as the Public Works Act protects the payment rights of subcontractors who provide materials or labor for state government construction projects. Under this act, subcontractors facing a payment dispute may be able to...
Although Louisiana does not require bylaws for new businesses, this document can help company operations run smoothly. Generally, bylaws include information about the company's organizational structure, policies and financial details. Review the important components...
Some employers welcome a new hire aboard with little more than a handshake and a standard agreement. However, a contract provides benefits a more casual approach lacks. An employment contract contains essential details that will protect your business and ensure that...
Just as with people, no construction project is perfect. After all, during some phase of building projects, something inevitably goes wrong. Still, if an owner pays for a specific type of build, should not he or she receive exactly that? The doctrine of substantial...
Leasing commercial space is often one of the biggest monthly expenses for business owners. That makes it essential for startup companies and established brands alike to take contract negotiations very seriously. One of the most important considerations when choosing a...
An operating agreement documents the policies and procedures of your business, typically used for a limited liability company. If a dispute arises within the company, this agreement will guide the resolution process. Review the key elements to consider when creating...
