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In a prior opinion, Ethics Docket No. 2006-476,Joey Couvillon owned one wholly-owned limited <br /> liability company, one Subchapter S corporation, and 50% of three limited liability companies. Mr. <br /> Couvillon wanted to know what contribution limits applied to his companies and himself <br /> individually. The Board concluded that wholly -owned Subchapter S corporations and wholly - <br /> owned limited liability companies, because of their tax status and the interests of a stockholder in <br /> those legal entities, cannot be distinguished from its individual owner for purposes of contribution <br /> limits: Therefore, the contributor's individual contribution(s)were aggregated with any contribution <br /> made by his wholly-owned Subchapter S corporation and his wholly -owned limited liability <br /> company.With respect to the limited liability companies of which he owns 50 %, the Board <br /> concluded that the contribution made by the contributor and those three limited liability companies <br /> did not need to be aggregated for contribution limit purposes. <br /> La. R.S. 18:1483 (13) defines a "person" as any individual,partnership,Limited Liability Company or <br /> corporation,association,labor union,political committee,corporation or other legal entity,including <br /> their subsidiaries. In view of the 2006 opinion and La. R.S. 1505.2(F), since Mr. Grigsby does not <br /> have 100% ownership in the limited liability company, any contribution made by the limited liability <br /> company will not be aggregated with the contribution that Mr. Grigsby makes individually. <br /> Therefore, Mr. Grigsby may make a campaign contribution in the maximum amount in his <br /> own name and the limited liability company of which he owns 73% may make contributions <br /> subject to the contribution limits set forth in the CFDA. <br /> This advisory opinion is based solely on the facts as set forth herein. Changes to the facts as <br /> presented may result in a different application of the provisions of the Code of Ethics. The Board <br /> issues no opinion as to past conduct or laws other than the Code of Governmental Ethics. If you <br /> have any questions,please contact me at(225)219-5600 or;(800).842]-6630. <br /> Sincerely, <br /> OUISIANA BOARD OF ETHICS <br /> Aneatra P. Boykin <br /> For the Board <br />