Shows Nearly 60% Of Louisiana Small Businesses In Danger Of Closing As A Result Of Covid
If you want your company tokeepgood company, start a business in Louisiana. Nearly half a million small businesses call the Pelican State home, and 99.5% of all Louisiana businesses are small businesses. Together they employ over 900,000 workers — 53.2% of the state’s workforce.
In Louisiana, businesses with one or more employees, including LLC members and officers, are required by law to have workers’ compensation insurance. We recommend that all Louisiana Small Businesses Near Me , including home-based businesses, purchase a general liability policy. Businesses selling professional advice or services, such as consulting and accounting firms, should also consider a professional liability policy. A limited liability company combines the personal asset protection of a corporation with the flexibility of a partnership or sole proprietorship. Most small businesses prefer the LLC structure due to its easy maintenance and favorable tax treatment. LABI will support efforts to help employers offer or maintain employer-based health care coverage and oppose anything that would increase employers’ health care costs.
Commercial Flood Insurancehelps protect your Louisiana business from the costs that stem from floodwater damage. A commercial flood insurance policy will not only help protect the location of your business, but also the physical contents. A commercial flood insurance policy is designed to help protect your Louisiana small business if your floors, walls, ceilings, equipment, fixtures, furniture, inventory and business property sustains floodwater damage.
We offer FREE business consulting and affordable training seminars designed to help you attract customers, improve operations, increase sales, and successfully access capital. Our interactions may be brief or long-term, but our ultimate objective is to improve Louisiana’s economy through job creation and increased tax revenues and with an eye on the Louisiana Governors Vision 2020 Plan. Our center is funded by the US Small Business Administration,Louisiana Economic Development,and Southeastern Louisiana University.
Please note that more current small business statistics for Louisiana may be available. If you are intererest in buying small business leads, please read our article on Buying Lead Databases Online. Of those 347,436 small businesses in Louisiana, 93,742 have employees. The remaining 253,694 are Louisiana small businesses that have no employees. Your Louisiana business has property that can be stolen or damaged including office supplies and furniture, customer data, cash or inventory. In January, a new Small Business Development Center was established in the Chamber office.
If you need to be off last minute or if you know when you are going to be off they find a fill-in. The company is really great at finding affordable insurance to meet your needs.
From energy to tourism, Louisiana’s burgeoning economy also correlates with a growth in demand for marketing professionals. To operate your new business legally, you will need to comply with federal, state, and local government regulations. In many cases, this involves obtaining one or more business permits and/or licenses.
General Liability Insurance, also known as Business Liability Insurance, provides insurance coverage for claims related to customer injuries, damage to others’ property, and lawsuits. It can help pay for medical expenses as well as legal costs if a covered accident leads to a lawsuit against your Louisiana small business. General liability insurance can help cover the cost of claims related to things like damage to the premises being rented, medical payments, advertising errors, bodily injury, property damage or reputational harm.
Louisiana, the Pelican State, had 427,290 small businesses operating in 2017, making up 97.3% of all businesses in Louisiana. Learn more about types of business insurancefrom The Hartford and why over 1 million small businesses have chosen The Hartford for their small business needs. The COVID-19 pandemic has challenged businesses across the nation to find new ways to connect with customers.
For example, a restaurant will likely need health permits, building permits, signage permits, etc. An accounting system helps you track the performance of your business and simplifies annual tax filings. Quality accounting software lets you download your bank and credit card transactions, making accounting fast and easy. Learn more about the importance of accounting and how to get started with accounting today.
There are many companies that look for freelance marketers to promote their products or services. You can start a review blog and promote products tying up with major online marketplaces. It’s no secret that you need funding to start a business, but before you can secure the money you need to cover startup costs, there are a few things you need to do first. This will help you choose the right funding source for your Louisiana business’s needs. Next, be smart with your spending and get organized by creating a detailed financial plan. With the 4th-lowest labor costs in the nation, starting a business in Louisiana is a great choice for entrepreneurs.