The Financial Statement is the form the Louisiana State Licensing Board for Contractors (LSLBC) requires from every applicant for a contractor's license, whether the license is in an individual's name or a business name. A CPA, bookkeeper or accountant reports the applicant's total assets, total liabilities and net worth, and the applicant and the preparer both certify the figures. On FillingPDF you can fill out the financial statement online and download or print the completed PDF; the LSLBC publishes the original form on its website.
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What is Financial Statement – Louisiana?
The Financial Statement is the Louisiana State Licensing Board for Contractors (LSLBC) form on which a CPA, bookkeeper or accountant reports an applicant's total assets, total liabilities and net worth, and on which the applicant and the preparer certify those figures under penalties of perjury.
The LSLBC is the Louisiana state board that licenses contractors. Its form states that all applicants for a contractor's license must submit a completed LSLBC Financial Statement form, with no exceptions. The printed revision is Revised 09/10/2025.
The form has two parts:
- Section A, Financial Information: Name of Applicant, Date prepared on, Total Assets, Total Liabilities and Net Worth. Only a CPA, bookkeeper or accountant completes it.
- Section B, Certification of Information: the applicant and the preparer each print their name, sign and date the declaration that the information is true, correct and complete to the best of their knowledge. The preparer also selects a title: Certified Public Accountant, Accountant or Bookkeeper.
The figures are checked against a net worth minimum that depends on the type of license. The form also says the statement must comply with La. R.S. 37:2156.1(c). This is the LSLBC's own form, not a general-purpose accounting statement, and it is not a license application: it is submitted as part of one.
Who needs to file Financial Statement – Louisiana?
Every applicant for a contractor's license issued by the LSLBC must submit a completed Financial Statement. The form says there are no exceptions. How you complete it depends on the name the license will be issued in:
- License in an individual's name: Section A reports the individual's personal financial information, with the individual's name as Name of Applicant. The individual prints and signs in Section B.
- License in a business name (INC, LLC, LP, etc.): Section A reports the business's financial information, with the business name as Name of Applicant. An owner, officer or authorized representative of the applicant prints and signs in Section B.
In both cases a CPA, bookkeeper or accountant prepares Section A and signs Section B as preparer, selecting the matching title.
The form sets a net worth minimum by license type: one level for all Residential and Commercial applicants (except Labor Only), and a lower level for all Home Improvement, Mold Remediation and Commercial - Labor Only applicants. The amounts are printed in the form's instructions. An applicant who does not meet the net worth requirement may also provide an irrevocable letter of credit along with the completed form.
When to file Financial Statement – Louisiana
Submit the Financial Statement when you apply for a contractor's license, because the LSLBC requires a completed form from every applicant. The form sets no separate due date.
The information must be current, within twelve (12) months of the date you file the application. The statement must also be accurate as of the date it is submitted, so have the CPA, bookkeeper or accountant prepare it close to your filing. A statement prepared more than twelve months before the application date does not meet the form's requirement, and the "Date prepared on" line in Section A shows the Board which date applies.
Documents you need
- An irrevocable letter of credit, only if the applicant does not satisfy the net worth requirement; the form says it may be provided in addition to the completed Financial Statement.
How to fill out Financial Statement – Louisiana
Decide whose name the license is in
Read the instructions at the top of the form. For a license in an individual's name, Section A reports personal financial information; for a license in a business name (INC, LLC, LP, etc.), it reports the business's information.
Have a CPA, bookkeeper or accountant prepare
Section A, Financial Information, must be completed by a CPA, bookkeeper or accountant. Give the preparer the figures they need before you start.
Enter the Name of Applicant
In Section A, enter the individual's name or, for a business license, the name of the business.
Enter the Date prepared on
Enter the date the statement was prepared. It must be within twelve (12) months of the date you file the application and accurate as of the date submitted.
Enter assets, liabilities and net worth
The preparer enters Total Assets, Total Liabilities and NET WORTH in the dollar fields of Section A.
Check the net worth minimum
Compare the NET WORTH figure with the minimum for your license type listed in the instructions. If the applicant does not satisfy it, the form says an irrevocable letter of credit may also be provided.
Print and sign as the applicant
In Section B, the individual, or an owner, officer or authorized representative of a business applicant, prints their name and signs at the bottom left.
Print and sign as the preparer
At the bottom right of Section B, the CPA, bookkeeper or accountant prints their name, signs, and selects their title: Certified Public Accountant, Accountant or Bookkeeper.
Enter the date signed
Fill in Date Signed in Section B so that it matches when the certification was signed.
Review and download the completed PDF
Check that Section A is complete, both names and signatures are present and the title is selected. Download or print the completed PDF from FillingPDF and submit it with the license application.
How to submit Financial Statement – Louisiana
The Financial Statement is submitted to the LSLBC as part of a contractor's license application; the form prints no separate submission channel of its own.
- Board contact details printed on the form: Louisiana State Licensing Board for Contractors, 600 North Street, Baton Rouge, LA 70802, telephone 225.765.2301, website www.lslbc.gov.
- LSLBC Contractor Portal: the Board's forms page says links to its PDF forms are also found in the portal when you are logged in as an Applicant or Licensee. Click "View" next to the Credential #, then choose "Forms" on the left side. The option does not appear when you view a Qualifying Party's information.
- Forms page: https://lslbc.gov/forms/ lists the Board's contractor forms. The Board states it plans to move other PDF forms to online forms available only in the portal.
Before you send it, make sure Section A is completed by a CPA, bookkeeper or accountant and that both signatures in Section B are present. If you need a letter of credit, the form says to provide it in addition to the completed form. Ask the Board for details on how to deliver it. FillingPDF lets you fill out and download the PDF; submission follows the channels above.
Common mistakes to avoid
- Filling in Section A yourself instead of having a CPA, bookkeeper or accountant complete it; the form says Section A must be completed by one of them.
- Entering the owner's personal name as Name of Applicant when the license is in a business name (INC, LLC, LP, etc.); the business's name and financial information go in Section A.
- Using a statement that is more than twelve (12) months old on the date you file the application.
- Having someone other than an owner, officer or authorized representative sign for a business applicant in Section B.
- Leaving out the preparer's printed name, signature or title; the preparer must select Certified Public Accountant, Accountant or Bookkeeper.
- Submitting the form with only the applicant's or only the preparer's signature, when Section B requires both.
- Assuming you are exempt from the form; the LSLBC states that all applicants must submit it, with no exceptions.
- Ignoring the net worth minimum for your license type, without adding an irrevocable letter of credit when the applicant does not meet it.
Frequently asked questions
What is the LSLBC financial statement form?
It is the Financial Statement that the Louisiana State Licensing Board for Contractors requires from every contractor's license applicant. A CPA, bookkeeper or accountant reports total assets, total liabilities and net worth, and the applicant and preparer certify the figures under penalties of perjury.
Who has to submit the Financial Statement?
All applicants for a contractor's license. The form states there are no exceptions, and it applies whether the license is in an individual's name or in a business name such as an INC, LLC or LP.
Who fills out Section A of the Financial Statement?
A CPA, bookkeeper or accountant. The form says Section A must be completed by one of them, who also prints, signs and selects their title in Section B. The applicant does not complete the financial figures.
How recent must the financial statement be?
It must be current, within twelve (12) months of the date you file the application, and accurate as of the date it is submitted. The form also says it must comply with La. R.S. 37:2156.1(c).
Who signs the Financial Statement for a business?
An owner, officer or authorized representative of the applicant prints and signs on the bottom left of Section B. The CPA, bookkeeper or accountant signs on the bottom right. For an individual license, the individual signs on the left.
What if I do not meet the net worth requirement?
The form says the applicant may also provide an irrevocable letter of credit along with the completed Financial Statement to satisfy the requirement. The minimum depends on license type; the amounts are printed in the form's instructions.
Can I fill out the Louisiana contractor financial statement online?
Yes. You can fill out the fillable PDF online on FillingPDF and download or print it. FillingPDF is an independent service and does not submit the form to the LSLBC; submission follows the Board's own channels.
Where do I find the LSLBC forms?
The Board lists its contractor forms at https://lslbc.gov/forms/. Links to the PDF forms also appear in the LSLBC Contractor Portal when you are logged in as an Applicant or Licensee, under the Forms option after you click View next to the Credential #.
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