Three New Industrial Hemp Licenses Proposed

The Louisiana Legislature is set to consider a new bill in the current regular session that will refine and clarify the existing Industrial Hemp regulatory scheme by adding three categories/types of licenses available to Louisiana businesses. The new licenses include Handler, Consumable Wholesaler, and Consumable Processor.

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Industrial Hemp — Careful Attention Needed to Prevent Personal Liability for Company Debts

When undertaking an act you intend to be an obligation of your corporation or limited liability company [LLC], you must make certain that the person you are dealing or contracting with is aware that the obligation is not yours individually.  If you are not attentive and careful, a court could rule that you are personally obligated to pay your company's debts.

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Do You Have a Succession Plan for Your Family Farming Business?

You began your career as a grower 20 years ago and may have started "with nothing" as the expression goes; during that period you and your spouse built your home, cared for and educated your children now all grown and starting their own work-life path; "built a business"; and mid-career is the time to put in place the means by which you and your spouse smoothly exit and move on to things you have worked to have time for at retirement.

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Industrial Hemp Growers and the Farm Service Agency (FSA)

Full legal compliance for Louisiana industrial hemp farmers does not begin and end with LDAF regulations. Louisiana farmers who are planning to jump into the industrial hemp industry for the 2020 growing season should be aware that the USDA requires industrial hemp growers to register with and submit periodic reports to the Farm Service Agency (FSA) for their specific hemp acreage.

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Trade Secrets Under Louisiana Law

Business owners often invest large amounts of time and money in the development of technology or other information that gives them significant competitive advantage in the market place. The Louisiana trade secrets statute is one of the effective tools that can be used to protect that investment from theft or other misappropriation.

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