Indiana S Corp
Indiana LLC Cost
We’ve compiled the most common fees so you know exactly what to expect when starting your Indiana LLC.
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FAQs on how to determine Indiana LLC costs
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To form an LLC in Indiana, you’ll start by filing Articles of Organization with the Secretary of State. What does it cost to start a business in Indiana? Finding all the fees can feel like a challenge, but we’ll guide you through the requirements. With our Indiana LLC Formation Service, our team of business experts will help you get your LLC up and running quickly and easily.
We can help you file your LLC documents in Indiana for just $0 plus state fees.
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When calculating the Indiana LLC cost for your business, consider the following fees:
Indiana LLC Filing Fee
$97-$110: Your Indiana LLC filing fee varies depending on whether you file your Articles of Organization electronically or by mail. If you access the Indiana Business Services Division online portal using your Access Indiana login, the filing fee for Articles of Organization is$97. You can file with the Indiana Secretary of State by mail or in person, but you’ll pay $100.Although not required, you can pay to reserve your business name for 120 days before you file your Articles of Organization. Add $10 to your Indiana LLC fees for a name reservation.
Annual Report Fee
$30 plus business taxes: Indiana doesn’t charge one-time fees like franchise fees or business privilege taxes. Instead, you’ll pay an adjusted gross income tax each year. Expect to file your LLC’s annual reports with the Secretary of State every other year. The filing fee for this report is $30.
Registered Agent Fee
Free: Every Indiana corporation or LLC needs to file the name and address of a Registered Agent. The Registered Agent must be available during business hours to accept legal notices. You can act as your company’s Registered Agent, but many businesses hire a Commercial Registered Agent for a small fee.
Indiana requires commercial agents to have filed a listing statement in the state. We can help you find a listed Registered Agent for your LLC with our Indiana Registered Agent Service.
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When you run an LLC, the fees for Articles of Organization, Annual Report Fee, and Registered Agent Fee are just the start. How much is an LLC in Indiana? Legal compliance includes many other fees and taxes.
Certificate of Existence
In some situations, like signing a new contract or accepting outside financing, you might need a Certificate of Existence for your LLC. This was formerly known as a Certificate of Good Standing. This Certificate tells third parties that your LLC has incorporated and filed its annual report. You can apply for an official Certificate of Existence online for $15. If you apply by mail or in person, the fee is $30.
Indiana Tax Clearance
Some businesses need to prove that they are up to date on their state taxes before the state will renew certain operating licenses (like liquor licenses). A tax clearance is a letter from the Indiana Department of Revenue (DOR) certifying that the business or individual owes no taxes. The filing fee for a certificate is $25.
DBA Name in Indiana
Suppose you want to use a different name for your Indiana business other than its registered name. In that case, you should file an assumed name. Also known as a “doing business as” or “DBA” name, your assumed name doesn’t need to be unique. You might use a DBA name if you want to start a new product line or market a new service. If you file your Certification of Assumed Business Name online, the fee is $20 per name. You’ll pay $30 for each assumed name to file by mail or in person.
Foreign LLC
Foreign LLCs are LLCs initially formed in another state that want to register to do business in Indiana. To legally operate an out-of-state LLC in Indiana, you need to file a Foreign Registration Statement with the Secretary of State. The filing fee for this document is $75 if filed online and $125 if filed by mail.
Business Licensing
Indiana doesn’t require a general business license. However, your business might pay fees for:
- Business Licenses
- Permits
- Registrations
The fees you’ll owe will change with your location and the nature of your business. The federal, state, and local governments all charge fees for various business activities. With the help of our colleagues at Avalara, we can provide you with a Business License Report that details which licenses, permits, and registrations your company requires.
For just $0 plus state fees, we can form your Indiana LLC for you in just minutes. No LegalZoom promo code required: Pay just $0 plus filing fees for fast LLC formation in Indiana.
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Yes. If you don’t pay your fees on time, you may be charged interest, late fees, or face legal consequences. The government can administratively dissolve your LLC if you aren’t in compliance. You could also lose your liability protection.
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The Secretary of State can refuse to file your formation documents if you don’t pay the filing fee.
You don’t receive limited liability until you file the Articles of Organization. The owners retain personal liability if they fail to file, similar to a sole proprietorsh
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You pay your Article of Organization fees to the Secretary of State.
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When considering the cost to start a business in Indiana, the filing fee for the Articles of Organization is the most expensive. It is $97. The average cost to start a business in Indiana varies. It depends on your business activities, the location of your business, and your other business needs
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If you’re using online filing, you can pay by credit card or echeck and must include a $2.14 payment processing fee. If you’re mailing your documents, you can send a check or money order made payable to the Secretary of State.
How do I form my LLC in Indiana?
1. Name your LLC
Your new business name represents your brand. You’ll choose your business name when you file your Articles of Organization. With a few legal restrictions, you can name your business how you’d like. Your name must:
- Contain the phrase “limited liability company” or the abbreviation “L.L.C.” or LLC”
- Not include words implying that your LLC has an illegal purpose
- Be distinct from other names on file with the Secretary of State
If you’re not ready to use your name immediately, you can file an electronic application for a reserved name with the Secretary of State. This will hold the name for you while you gather your paperwork.
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2. Select a Registered Agent
Your LLC’s Registered Agent is essential to your good standing as a legal entity. Registered Agents are in charge of receiving service of process and other important legal notices on your LLC’s behalf. A Registered Agent must have a physical address in Indiana and be available during regular business hours.
You can act as your own Registered Agent, but you might be tied to the office when you really want to be out growing the business. To stay compliant, it’s best to use a Registered Agent service dedicated to that purpose.
3. File your LLC’s Articles of Organization
The primary step to Indiana’s filing requirements is filing the LLC Articles of Organization. You can file with the Secretary of State by mail or online. If you file by mail, send the original documents and the filing fee to:
Secretary of State
Business Services Division
302 West Washington Street, Room E018
Indianapolis, Indiana 46204
4. Create an Operating Agreement
Indiana LLCs aren’t required to have Operating Agreements. However, they’re useful for protecting your personal interests and business contributions. When you draft your Operating Agreement, you and your co-owners (also called members) can set your own rules for how you will run the LLC. An Operating Agreement can:
- Define all ownership terms, rules, and management decisions clearly and concisely.
- Protect the LLC owner’s personal assets and outline ownership percentages, responsibilities, voting power, and a succession plan if an owner decides to leave the business.
- Avoid confusion and resolve conflicts among members.
Without an Operating Agreement, you’ll have to operate your LLC under the default rules in Indiana’s business statutes. The default rules aren’t always ideal because they aren’t tailored to the business owners’ unique needs.
When you don’t know where to start with your Operating Agreement, we can help. Our Operating Agreement Template makes it simple to create your LLC Operating Agreement.
5. Get an EIN
One big part of legal compliance is paying taxes. The IRS issues Employer Identification Numbers (EINs) to LLCs with more than one member, employees, or LLCs that operate like a corporation. Your business needs an EIN to pay its federal taxes. Even if the IRS doesn’t require your company to have an EIN, you can apply for one to protect your personal information. You can use your EIN instead of your Social Security number on business tax documents. Your business will also need an EIN to open a business bank account and secure a business insurance policy.
To obtain an EIN for your LLC, you’ll need to file paperwork with the IRS. We can submit your application for you with our Employer ID Number Service.
Check Indiana Annual Requirements
Once you register your business in Indiana, you’ll have to pay an annual adjusted gross income tax and file a biennial report.
If you don’t pay your taxes on time, you may be subject to interest and penalties. Use our Annual Report Service to help you stay on top of your LLC’s annual reporting obligations.
Stay Legally Compliant
It’s common for a business to change as it grows. If your company’s details change, you must amend your Articles of Organization or file other updated paperwork with the Secretary of State. Our Worry-Free Compliance Service allows you to file up to two amendments per year while also keeping track of your company’s other compliance requirements. We’ll even send you reminders when deadlines approach.
We can help!
We know it can feel overwhelming trying to maintain all your legal requirements as a new business owner. Luckily, we’ll help you stay on track when you sign up for our personalized business products and services. Let our team of business experts help you form your LLC today, and we’ll be here to guide you through every stage of owning a business.
Disclaimer: The content on this page is for information purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
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