The Louisiana Department of Insurance requires certain licensees to carry a surety bond. Each bond has to meet certain criteria in order to be acceptable. What is a surety bond? A surety bond is a written guarantee of payment, compliance or action among three...
Business Law
4 Things small business owners need to do
The most challenging yet essential part of running a small business is doing the little things. However, these tasks will catapult you to the top and make you successful. If you own a small business, ensure you are doing these tasks. 1. Manage cash Businesses tend to...
Do you need an operating agreement to form a Louisiana LLC?
Forming a limited liability company separates your personal assets from your business assets. An LLC structure is looser than a corporation, but you still must comply with Louisiana’s revised statutes for forming this entity. The law requires you to file articles of...
How do climate regulations affect small businesses?
The impact of global warming is a hot topic. According to NPR, Louisiana ranks fifth in the nation in carbon production. Recently, the government announced that the state would work towards carbon neutrality. A move to save the world from future destruction seems like...
Common construction dispute claims
When running a construction company, it helps to know the kind of disputes you may face. Armed with the basics may assist in navigating the claims. Laws are not only in place to protect consumers but you as a business owner. Take a look at some examples of the more...
Why mechanical breakdown insurers need surety bonds
If you are running an auto insurance company, you may attract more clients by offering mechanical breakdown insurance. Many car insurance policies do not cover major systems such as the transmission and engine, so you can get an upper hand in the market. However, it...
How strong is your LLC’s corporate veil?
One of the bigger advantages of forming a limited liability company is the protection it offers you from your LLC's creditors. With few exceptions, your business's creditors cannot go after your personal assets. That is, the extent of their recovery depends on your...
There are various types of corporations in Louisiana
Some entrepreneurs in Louisiana may decide they want to establish a company in the state, and some of them may decide they want their business to be a corporation. However, under business law, there are various types of corporations to choose from. Thus, before making...
Is an LLC the right type of business for you?
You've had the entrepreneurial bug for a while now. You're finally ready to take the plunge and start your business. How do you begin? You may have heard or seen the phrase "LLC" or "Limited Liability Company" in your preliminary research. But what is it? Is...
We assist Louisianans with their business law needs
Many people in Louisiana have a strong entrepreneurial spirit that contributes greatly to our state's economic success. However, starting a business involves more than just a good idea. There are many steps in the business formation process that must be followed for a...
