To get an LLC in Indiana, it takes 3-4 weeks by mail and 3-5 business days by filing online.
If you are interested in starting a business in Indiana and want to register as a Limited Liability Company (LLC), you may be wondering how long the process takes.
The good news is that getting an LLC in Indiana is relatively straightforward and can be done in a few steps.
However, the actual timeline for getting an LLC in Indiana can vary depending on several factors.
Approval Time for an Indiana LLC
Online Filing: You can get an LLC in Indiana in 3-5 business days Mail Filing: Filing by mail can take about 3-4 weeks |
Indiana LLC Filing Steps
Online Filing
Here are the steps to file online for an Indiana LLC on the Indiana state website:
- Go to the Indiana Secretary of State’s website at https://www.sos.Indiana.gov/ and click on the “Business & Commercial Services” tab.
- Click on “Business/Commercial Services Online” and select “Start a New Business Filing.”
- Select “Limited Liability Company (LLC)” and choose the filing type based on your needs, such as Articles of Organization or Articles of Amendment.
- Enter your LLC’s name and check for name availability.
- Provide the registered agent information, including the name and physical address.
- Enter the principal office address of the LLC.
- Provide the name and address of the organizers of the LLC.
- Complete the organizer statement, which includes the names and addresses of the LLC’s members or managers.
- Enter the effective date of the LLC, if different from the filing date.
- Review and confirm all the information you have entered, and pay the filing fee.
- Receive confirmation of your filing and your LLC’s approval.
Overall, filing for an Indiana LLC on the Indiana state website involves selecting the LLC filing type, entering the LLC name, registered agent information, office address, organizer information, effective date, reviewing and confirming information, and paying the filing fee.
Filing by Mail
Here’s a step-by-step guide on how to file for an LLC in Indiana by mail:
I. Choose a Name for Your LLC
- Choose a unique name for your LLC that is not already taken and complies with Indiana’s naming requirements.
- The name must include “Limited Liability Company” or an abbreviation such as “LLC” or “L.L.C.”
- You can conduct a name availability search on the Indiana Secretary of State’s website to ensure your desired name is available.
II. Appoint a Registered Agent
- A registered agent is a person or business entity that is responsible for accepting legal documents on behalf of your LLC.
- You must appoint a registered agent before filing your LLC formation documents.
- The registered agent must have a physical address in Indiana.
III. Download and Complete the Articles of Organization
- You can download the Articles of Organization form from the Indiana Secretary of State’s website.
- Complete the form with the required information, including the name and address of the LLC, the name and address of the registered agent, and the names and addresses of the LLC’s managers or members.
- The filing fee for the Articles of Organization is $100.
IV. Create an Operating Agreement
- Although not required by Indiana law, it is recommended that you create an operating agreement for your LLC.
- An operating agreement outlines the ownership structure, management, and financial and operational policies of the LLC.
- This document is useful in settling disputes among members and in clarifying the responsibilities of each member.
V. Mail the Documents and Payment
Once you have completed the Articles of Organization and operating agreement (if applicable), mail them to the following address:
Indiana Secretary of State Business Services Division
302 W. Washington Street
Room E-018 Indianapolis, IN 46204
Include a check or money order for the $100 filing fee payable to “Indiana Secretary of State”.
It is recommended that you mail the documents using certified mail with the return receipt requested to confirm delivery.
VI. Wait for Confirmation
- The processing time for LLC formation documents in Indiana is approximately 7-10 business days.
- Once your LLC is approved, the Indiana Secretary of State will mail you a stamped and approved copy of the Articles of Organization.
Overall, filing for an LLC in Indiana by mail involves downloading and completing the Articles of Organization form, creating an operating agreement (if applicable), and mailing the documents and payment to the Indiana Secretary of State’s Business Services Division.
It is important to appoint a registered agent before filing and to ensure that the LLC’s name and formation documents comply with Indiana’s requirements.
Overview of Steps & Time Involved in Getting an Indiana LLC
Here is a breakdown of the steps involved in getting an LLC in Indiana and an estimate of how long each step takes.
Step 1: Choose a Name for Your LLC
The first step in forming an LLC in Indiana is choosing a name for your business. You will need to make sure the name you choose is available and not already in use by another business in the state. You can search the Indiana Secretary of State’s online database to see if the name you want is available.
Timeframe: This step can be done relatively quickly, usually within a day or two.
Step 2: File Articles of Organization
Once you have chosen a name for your LLC, you will need to file Articles of Organization with the Indiana Secretary of State. This document establishes your LLC and includes basic information such as the name of the LLC, the registered agent, and the members of the LLC.
Timeframe: Filing the Articles of Organization typically takes around one to two weeks. However, if you choose to file online, you may receive confirmation of your LLC’s approval within a few days.
Step 3: Obtain an EIN
An EIN, or Employer Identification Number, is a unique nine-digit number that identifies your LLC for tax purposes. You will need to obtain an EIN from the IRS, even if you do not plan to hire employees.
Timeframe: Obtaining an EIN can usually be done quickly online, and you will receive your number immediately.
Step 4: Apply for Business Licenses and Permits
Depending on the type of business you plan to operate, you may need to apply for additional licenses and permits from the state or local government. This can include things like a business license, sales tax permit, or professional license.
Timeframe: The time it takes to obtain business licenses and permits can vary widely depending on the type of license or permit you need. Some licenses and permits can be obtained quickly, while others may take several weeks or even months to process.
Step 5: Create an Operating Agreement
Although it is not required by Indiana law, it is recommended that you create an Operating Agreement for your LLC. This document outlines the management structure of your LLC and the rights and responsibilities of the members.
Timeframe: Creating an Operating Agreement can take several days or even weeks, depending on the complexity of your LLC’s management structure and the number of members.
Overall, the timeline for getting an LLC in Indiana can range from a few days to several weeks, depending on the complexity of your business and the number of licenses and permits you need to obtain.
If you are in a hurry to get your LLC up and running, you may want to consider using an online formation service, which can expedite the process significantly.
However, if you have a more complex business structure or need to apply for multiple licenses and permits, it may take longer to complete the process.
How Much Does An LLC in Indiana Cost?
The cost of forming an LLC in Indiana is comprised of two main components: the filing fee for the Articles of Organization and the biennial report fee.
The filing fee for the Articles of Organization in Indiana is $100. This fee is paid at the time of filing your LLC formation documents, either by mail or online.
In addition to the filing fee, Indiana LLCs are required to file a biennial report every two years to maintain their active status. The biennial report fee for Indiana LLCs is $32. The first biennial report is due within 2 years and 60 days of the LLC’s formation date, and subsequent biennial reports are due every 2 years thereafter.
There may be additional costs associated with forming an LLC, such as fees for obtaining a business license or professional license, but these costs will vary depending on the industry and location of the LLC.
Overall, the total cost of forming and maintaining an LLC in Indiana is relatively affordable compared to other states, with a $100 filing fee for the Articles of Organization and a $32 biennial report fee.
Do I Need a Business License in Indiana?
In Indiana, a general business license is not necessary to operate a company, but certain professions or business types may require it. Additionally, some counties or municipalities may mandate certain licenses and permits. It is recommended to consult with an SBA advisor to determine the licenses and permits required for your specific industry and location.
If your business involves selling goods, you are required to obtain a Registered Retail Merchant Certificate, which enables you to collect the 7% sales tax on the sale of goods. The cost to obtain this certificate is $25. It is crucial to obtain this certificate to ensure compliance with Indiana’s sales tax laws and regulations. Therefore, it is essential to research and obtain any necessary licenses and permits before beginning operations in Indiana.
Should I Hire an LLC Filing Service in Indiana?
Whether or not to hire an LLC filing service in Indiana depends on your specific needs and circumstances.
An LLC filing service can be helpful if you’re unfamiliar with the formation process, need assistance with paperwork and filing, or simply want to save time and hassle. LLC filing services can take care of the paperwork and filing process for you, so you can focus on running your business. Additionally, some LLC filing services may offer additional services, such as registered agent services or tax advice.
However, if you’re comfortable with the formation process and have the time and resources to handle the paperwork and filing yourself, hiring an LLC filing service may not be necessary. You can file the Articles of Organization yourself by mail or online, and the process is generally straightforward.
Additionally, hiring an attorney or accountant to review your documents and provide guidance can be a more cost-effective option than hiring an LLC filing service.
Ultimately, the decision to hire an LLC filing service in Indiana is a personal one and depends on your specific needs and circumstances. It’s always recommended to do your research, compare costs and services, and consult with professionals before making a decision.
IN Business Entity Tips
When you’re ready to start an LLC in Indiana, there are key steps to follow. Begin by conducting an Indiana entity name search to ensure that your desired business name is available for registration. Once confirmed, it’s important to draft an Indiana LLC operating agreement, outlining the internal workings and guidelines of your LLC.
You have the option to serve as your own registered agent in Indiana, or you can opt for professional registered agent services. The timeframe for obtaining an LLC in Indiana can vary, typically ranging from a few weeks to a couple of months.
To streamline the process, ensure all necessary information is gathered and promptly submit your filings. Obtaining an Employer Identification Number (EIN) is essential for tax purposes, and you can follow the necessary steps to obtain one from the IRS. Consider utilizing one of the top LLC services in Indiana to receive expert assistance and ensure compliance with all legal requirements throughout the formation process.
Engaging the best registered agent services in Indiana can provide efficient handling of critical documents and legal notifications. Don’t forget to acquire a business license specific to Indiana, adhering to the licensing requirements relevant to your industry and location. As you plan your LLC formation budget, factor in the cost to start an LLC in Indiana, including filing fees and any additional services you choose.
If you ever need to change your registered agent, we have an article on that.
Lastly, if the time comes to close and dissolve an Indiana LLC, understanding the proper steps and regulations is essential. Seek guidance from legal professionals to ensure a smooth dissolution process in compliance with Indiana state laws and requirements.
Conclusion
In summary, while the process of obtaining an LLC in Indiana can take a bit of time, it is a relatively straightforward process that can be completed with a little bit of effort and attention to detail.
By following the steps outlined above, you can get your LLC up and running and start pursuing your entrepreneurial dreams in no time.
