Indiana LLC – How to Form an LLC in Indiana

Form an LLC in Indiana. Learn how to get an LLC name, registered agent, Articles of Organization, operating agreement, and EIN. This guide provides step-by-step instructions on setting up an LLC for Indiana.

Forming an LLC in Indiana – Brief Summary

LLC Indiana – To form an Indiana LLC, you’ll need to file the Articles of Organization with the Indiana Secretary of State Business Services Division, which costs $95-$100. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your Indiana Limited Liability Company.

Related: Best LLC Services in Indiana

How to Create an LLC in Indiana

LLCs are one of the most popular business structures. This is because they are relatively inexpensive to form and allow owners to be flexible. Also, they are easy to manage. Legally forming your LLC will establish your business, limit personal liability, give you tax flexibility, and create a legal entity. As you move through this process, you will be guided step-by-step.

Indiana LLC Guide

  1. Check Name Availability

    The legal name of your LLC cannot be used in conjunction with another registered name. A name search can help you find out if your name is available.

    Name Search Indiana Secretary of state – Business Services Division

    Search

    Name Reservation Optional
    Suffix: (d.) The limited liability company name must contain “limited liability company” and/or the abbreviation L.L.C. or “LLC”. The name of a master, limited liability company must comply to IC23-18.1-6-7.(b). The name for a series of limited liability companies must comply with IC23-18.1-6-7.c. and IC23-18.1-6-7.d.

    IC SS23 -0.5-3-2

  2. Appoint a Registered Agent in Indiana

    Before you register to create an Indiana LLC, you’ll need to identify who your registered agent in Indiana will be. A registered agent can be described as a company’s legal appointee for receiving notices of lawsuits and other legal or official notices.

    The state law requires that every LLC has a registered representative. A registered agent is identified when filing Indiana articles of incorporation with the Indiana Secretary – Business Services Division.

Related: Best Registered Agents in Indiana

  1. Indiana Certificates of Formation

    Fill out the articles of incorporation to establish your limited liability company.

    Agency: Indiana Secretary of state – Business Services Division
    Form:
    Articles for Organization 49459
    Filing Method Mail, in person or
    Agency Fee $100
    Turnaround: You can get it online in as little as 15 minutes. 24-hour access in-person 5-7 business days via mail
    Law:
    Indiana Code. Title23: Business and Other Assemblies. Article18: Limited Liability Companies.
    Notes: Send one copy of the original along with the other.
  2. Establish Company Records

    Your LLC must maintain correct and complete records. Your LLC’s original articles of organization will be the first document you keep. Your LLC will create many other official documents such as:

    • Minutes of the meeting
    • Operating Agreement
    • EIN verification letter
    • Amendments and other filings made during the LLC’s lifetime

     

  3. Create an Indiana LLC Operating Agreement

    It is possible to use a template to draft an Operating Agreement. This document will serve as the governing document. It specifies the legalities of the LLC’s operation, such as holding an Annual Meeting. The agreement will then be approved by you at your organizational meeting.

  4. Hold the Organizational Meeting

    The organizational meeting, which is the initial meeting of LLC members, is the most important. In order to hold this meeting, you’ll need your operating agreements and the filed articles. Keep a log of this meeting, and save it in your company’s record book.

  5. Get a federal employer identification number (EIN)

    EIN is needed if the LLC will have multiple members or hire employees. EINs can also be required to open a bank or other financial account.

    Agency: Internal Revenue Service
    Form:
    IRS SS-4
    Filing Method Mail, phone, and fax. Online.
    IRS fee $0
    Turnaround: You can get your order immediately online or by phone. By fax, it takes 4 business working days. 4-5 Weeks by mail
    Notes: The IRS website cannot be accessed outside of certain hours before you close your session print your EIN. Additional guidance is available at IRS Publi 1635: Understanding the EIN.
  6. Get Indiana State Tax Identification Numbers/Accounts

    Indiana offers a centralized state tax registration

    Submit to
    Indiana Department of Revenue

    http://www.in.gov/dor/

    Filing procedure:

    Formula BT-1: Indiana Business Tax Application.
    Guidance:

    Indiana Department of Revenue. Register New Business Page
    Fee:
    $0. $25 State fee for sales tax license
    Turnaround:
    48-72 Hours after submission, the Indiana Department of Revenue emails you to inform you of the status of your request. You will be issued a taxpayer identification number (TID) if your application is approved. If there are still any problems with your application, you will be asked by the Department to get in touch.
  7. Consider Electing C-Corp and C-Corp taxation

    Your LLC will be subject to passthrough taxation by default. However, most LLCs continue to keep this tax type. Some LLCs are eligible to elect S-Corp, or C-Corp tax treatment.

    • S-Corp treatment is an option that can help owner-employees making more than $75,000 annually to lower their self-employment taxes.
    • C-Corps face double taxation. First, the corporation pays income taxes and then members pay distribution taxes. C-Corps offer low tax rates on retained earnings, which can be beneficial if you have more than $250,000 in profits per owner.
  8. Get business licenses & permits

    It is necessary to obtain the required licenses and permits to operate your business legally. Search by type of business and your location to locate the Small Business Administration Business License & Permit lookup tool.

    Indiana Business License

    NOT REQUIRED

    Indiana does not require the licensure of General Business Licenses.

    Indiana does NOT have a general license for business at the state or local level.

  9. To Maintain Your LLC, You Need to Continue Ongoing Filings

    You will need to file your federal and state taxes returns.

    A lot of states also require businesses to file an annual statement to maintain good standing before the secretary. You can see the table below for information on Indiana LLCs.

    Indiana Corporation Annual Report Requirements:

    Agency: Indiana Secretary of state – Business Services Division
    Form:
    Indiana Business Entity Report
    Filing Method Mail or.
    Agency Fee $32 online and $50 by mail
    Due: Biennially, at the beginning of each month for which you were registered. If you are a foreign-qualified person or incorporated on March 15, then your annual reports must be filed every two years.
    Law:
    IC 21.5-2-13
    Penalties: No late fee. Your business may be dissolution or revoked within 120 days.
    Notes:
    • Anyone with authority may apply.
    • Original signatures are not necessary.

    As your LLC expands, you will need documentation to show customers and banks that your company is in good standing. After all the work required to form your Indiana LLC, don’t let a missed year-end report cause your new business not to be in compliance.

Indiana LLC – FAQs

What is the cost of forming an LLC in Indiana?

In Indiana, a Secretary of State filing fee of $95 is required for online filings. If the Articles of Organization are sent in by mail, it will cost $100.

Is there an annual fee for an LLC registered in Indiana?

Every other year, a Business Entity Report must be filed. Online filing costs $32, and mailed-in reports cost $50.

Is it possible to have an LLC approved in Indiana within a short time?

The state usually takes one day to approve LLC paperwork online and 5-7 days to approve mailed-in forms.

Are you able to be your own registered agent in Indiana?

Anybody can be a registered agent for Indiana provided they are at least 18 years of age, live in Indiana, and are available during business hours to receive documents.

Is an LLC required to obtain an Indiana business license?

Sometimes it is believed that an LLC and a business license are one and the same in Indiana. However, they are not. The business entity is also known as an LLC. It is the way the business is organized to do business. A business license allows you to operate legally.

What is a Foreign Limited Liability Company (FLLC)?

An Indiana foreign LLC can be an LLC that was established in another state but is now able to operate in Indiana. Being physically operational means that you have a physical presence, such as an office or employee.

Indiana Business Resources

Best LLC Formation Services in Indiana

Get a Business License in Indiana

Indiana Registered Agents 

LLC Name Search in Indiana

 

LLC Formation + Registered Agent Service = $225 $39   Northwest $39 Discount
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