Where can I get advice about starting a business?
The Louisiana Small Business Development Centers provide business counseling and planning services, as well as offer entrepreneur workshops and training.
Where do I get a Federal Tax ID Number (FTIN) and State Tax ID Number?
Federal tax identification numbers are issued by the U.S. Internal Revenue Service. State sales tax identification numbers are issued by the Louisiana Department of Revenue.
What incentives or tax credits are available for my small business?
There are numerous incentives available to Louisiana businesses.
Where can I get certified as a minority-owned business enterprise (MBE) or woman-owned business enterprise (WBE)?
The minority-owned business enterprise certification is available through the Louisiana Minority Supplier Development Council. The woman-owned business enterprise certification is available through the Women Business Enterprise Council of the South. Browse our Grow a Business page for more information on these certifications.
How do I get a small business loan?
You can apply for financing through accredited lending institutions such as banks, credit unions and micro-lenders. LSBDC provides free assistance to help you prepare a strong loan package and become bank-ready.
Why do I need a business plan?
A business plan evaluates the feasibility of your business idea and outlines every major aspect of your business, including products or services, marketing strategy, financial projections and management principles.
Are there any local resources to help me write a business plan?
Yes. The Louisiana Small Business Development Centers can help you write a business plan. There are additional resources located throughout the state.
What type of business structure should my company have?
As there are a multitude of choices for your business entity, it is highly recommended that you seek legal counsel and professional accounting advice in choosing a business structure.
Where can I learn more about local, state and federal business taxes?
The Louisiana Department of Revenue and the U.S. Internal Revenue Service can assist you in determining specific taxes required to operate your business.
What type of insurance does my small business need?
The Louisiana Department of Insurance and the Louisiana Workforce Commission can assist you in determining the specific insurance(s) required to operate your business.
Do I need a license or permit to start my business?
Businesses are subject to permitting and licensing requirements at the local, state and federal levels. Information about required licenses and permits can be found through your local parish and city governments, and through the Louisiana Secretary of State.
Where can I find information about obtaining coastal use permits?
Contact the Department of Natural Resources, Office of Coastal Management.
Where can I find information about starting a child care business?
The Department of Children and Family Services provides licensing requirements and guidelines.
Where can I get a small business grant to start my business?
Typically, there are no grants at the state or federal level to help start a small business. Announcements for counseling and training grants appear on www.grants.gov.
What can I do to help my business grow?
Growth strategies may include expanding into new markets, pursuing government contracts or exploring international trade. An LSBDC consultant can help you create a strategic growth plan tailored to your business.
Are there grants to grow my business?
Typically, there are no grants at the state or federal level to operate a small business. Check www.grants.gov for updates on available programs.
How can I market my business to the state government?
Consider pursuing:
- Hudson Initiative certification
- Veteran Initiative certification
- Vendor registration with the Office of State Purchasing
- Assistance from the Louisiana Procurement Technical Assistance Center (PTAC)
How do I start exporting my product or service?
Resources include:
- U.S. Commercial Service
- U.S. Export Assistance Center
- World Trade Center
- State Trade and Export Promotion (STEP) Program (eligible businesses may receive up to $9,000 for export development activities)
What is the difference between a direct loan and a loan guarantee?
A direct loan is money provided directly by a lender to a borrower, who repays it with interest.
A loan guarantee is backed by a government agency that agrees to repay the lender if the borrower defaults.
Are there grants available for small businesses?
Typically, no grants are available at the state or federal level to start or operate a small business. Visit:
What is the SBIR/STTR program?
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs provide competitive federal funding for research and development projects with commercialization potential.
For assistance, contact the Louisiana Business & Technology Center.
For assistance, contact the Louisiana Business & Technology Center.