In this paper we investigate linear codes with complementary dual (LCD) codes and formally self-dual codes over the ring $R=F_{q}+vF_{q}+v^{2}F_{q}$, where $v^{3}=v$, for $q$ odd. We give conditions on the existence of LCD codes and present construction of formally self-dual codes over $R$. Further, we give bounds on the minimum distance of LCD codes over $F_q$ and extend these to codes over $R$.