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Louisiana cities seek to foster new business formation

Opening a business can be a risky decision, but it can also be rewarding. Many regions of the country are actively seeking to improve the chance that taking the risk of opening a business in their area will prove to be rewarding to entrepreneurs.

Take, for example, Livingston Parish. Realizing that one of the biggest considerations when starting a business is location, one area in Livingston Parish is trying to do what it can to draw business and retail shops into their area. It is buying defunct real estate, such as a dead shopping center, and then developing it to make it more attractive to business investment.

But Livingston Parish is hardly the only city making investments geared towards attracting business. The city of Denham is improving roads, sewers and drainage systems to help attract interest in its real estate. This development, which has been the priority of many mayors, looks like it is starting to pay off, with other nearby cities hoping that the economic spill over from the developments will wind up in their back yards.

Start-up and ownership of a business has many twists and turns, and the road can be difficult to navigate on one's own. Potential owners need to consider whether becoming a corporation is best for them, for example, and make sure they are following proper tax laws. While laws and city regulations can be difficult to deal with, it's always a plus when cities try to make things easier for business formation in their area. Legal guidance and a business plan can go a long way in making the process smoother.

Source: 9 WAFB, "Sections of Livingston Parish want more businesses, retail locations," Tyana Williams, July 11, 2013

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