Louisiana Debt Management license
Louisiana PROHIBITS Debt Management Companies
Pursuant to Louisiana law, La. Rev. Stat. Ann §14-331 , Debt management companies are prohibited from operating in Louisiana. Read the statute here.
Certificate of Authority
If you want to engage in a business other than a debt management business, then with certain limited exceptions a Louisiana Certificate of Authority is required if a company does business in Louisiana regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of Louisiana requires companies not incorporated in Louisiana to obtain before “transacting business” within the state borders of Louisiana.
Debt management companies are NOT ALLOWED to operate in Louisiana per statute.
FOR BUSINESSES OTHER THAN DEBT MANAGEMENT COMPANIES:
The filing fee for a foreign limited liability company to register a Louisiana Certificate of Authority is $150.
The filing fee for a foreign corporation to register a Louisiana Certificate of Authority is $155.
Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.
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Want to verify if an existing company is licensed in another state as a Debt Management company? Click here.