Louisiana Administrative Code Title 19 - CORPORATION AND BUSINESS
Here’s an enhanced overview of Title 19 – CORPORATIONS AND BUSINESS in the Louisiana Administrative Code (LAC):
📚 Title & Scope
Title 19 governs corporations, business development, and related regulatory programs in Louisiana (regulations.justia.com). It’s divided into several Parts, each overseen by different state authorities:
Part I – Office of Women’s Business Enterprise (Ch. 1–5)
Part II – Small and Emerging Business Development Program (Ch. 1–13)
Part III – Financial Assistance Programs (Ch. 1–25)
Part V – Secretary of State (Ch. 1–13)
Part VII – Louisiana Economic Development Corporation (Subpart 1–13)
Part VIII – Hudson Initiative (Small Entrepreneurship Certification) (Subpart 1–2)
Part IX – The Veteran Initiative (Subpart 1–2) (law.cornell.edu, regulations.justia.com)
🧩 Part I – Office of Women’s Business Enterprise
Chapter 1 – General Provisions includes definitions (e.g., “Women Owned Business” requires at least 51% ownership and control by a woman) (law.cornell.edu).
Chapters 3–5 cover certification processes and requirements for women-owned firms seeking participation in state contracting.
📈 Part II – Small & Emerging Business Development
Sets policies under the Minority Business Enterprise Act (1984).
Agencies must allocate annual procurement targets to minority businesses (up to 10%) (doa.la.gov).
Chapters detail reporting, procurement rules, and bidding preferences (e.g., projects ≥ $200K set aside) .
💰 Part III – Financial Assistance Programs
Covers state-run loan, guaranty, and credit-assistance initiatives.
Includes detailed terms on collateral, equity, loan limits, and SSBCI/ARPA funding rules for small businesses (doa.la.gov).
🏛️ Part V – Secretary of State
Regulates corporate formation and governance:
Chapter 1 – Domestic corporations
Chapter 5 – Nonprofit corporations
Chapter 7 – Foreign corporations
Chapter 9 – Special corporations
Chapter 11 – LLCs
Chapter 13 – Partnerships (doa.la.gov, regulations.justia.com, doa.la.gov)
Includes rules on Secure Business Filings to prevent fraud (sos.la.gov).
🚀 Part VII – Louisiana Economic Development Corporation
Details LOAN & GRANT PROGRAMS like Contract Loans, Seed Capital (SSBCI) programs, and other equity support mechanisms (doa.la.gov).
✅ Parts VIII & IX – Certification Programs
Part VIII (Hudson Initiative) – Certification for small entrepreneurship firms, including annual goal reporting (doa.la.gov).
Part IX (Veteran Initiative) – Program framework to support veteran-owned businesses.
🛠️ Latest Update & Resources
The current LAC version titled Title 19 – Corporations and Business was last amended in June 2023 (doa.la.gov).
Official PDFs and Word versions are available via Louisiana Division of Administration’s website (e.g., DOA LAC Title 19 June 2023).
🗂️ Summary
Title 19 organizes Louisiana’s business laws into clear categories—from business formation (Part V), financial aid (Parts III & VII), to certification and development programs (Parts I, II, VIII, IX). It’s a key resource for anyone dealing with corp law, state contracts, small business support, or veteran enterprise.
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