Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part XXXI - Cosmetologists
Chapter 5 - Licensees
Section XXXI-503 - School Licenses Issued to Legal Entities
Universal Citation: LA Admin Code XXXI-503
Current through Register Vol. 50, No. 3, March 20, 2024
A. School License. Any corporation, association, partnership or other legal entity applying for a license to operate a school shall provide the following to the board:
1. the name and address of each place of
business maintained by the entity in the state of Louisiana;
2. a financial statement which includes a
profit and loss statement, balance sheet and three-year forecast;
3. the articles of incorporation, articles of
organization, partnership agreement or other organizational
documentation;
4. the names,
addresses and percentage interest of each partner, member or stockholder, for
the purpose of this Subsection a landlord or lessor of equipment paid a
percentage exceeding 20 percent shall be considered an owner or partner;
and
5. the name and address of
individual managing officer or partner.
B. Ownership Change. A change of ownership of 35 percent or greater shall require submission of all information required by Subsection A.
AUTHORITY NOTE: Promulgated in accordance with R.S. 37:575(A)(2).
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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