How to Start Your LLC in Indiana
Legal Bueno helps with everything you need to start your business. We take care of all the paperwork so you don't have to worry about it. Want to learn more about the process we handle? Keep reading!
Quick Summary:
- Filing Fee: $95
- Turnaround time: 1 business day
How do I start an LLC in Indiana?
Thinking about starting an LLC? The process is pretty similar across the states. You'll start by picking a unique name for your business (you'll need to check to make sure it hasn't been taken!) and then filing some paperwork—usually called Articles of Organization or a Certificate of Formation—with your state's agency.
If you want to check the name availability for Indiana, visit https://bsd.sos.in.gov/publicbusinesssearch.
After that's taken care of, you'll want to draft a governing doc for your business called an operating agreement & find any licenses you might need. Just keep in mind that each state has its own little quirks, so it's always a good idea to double-check specific requirements for your area.
What are the costs & processing times of starting a business in Indiana?
Here's the rundown for Indiana:
- The filing fee is: $95
- There are ongoing fees of $31 (every 2 years)
- It usually takes 1 business day if you're filing online or 5 business days (plus mail time) if by mail.
Why Indiana is a great state for your LLC
Starting a company in Indiana offers numerous advantages that make it an appealing option for entrepreneurs. Here are some key benefits:
- Favorable Tax Environment:
- Support for Startups:
- Efficient Business Structure:
- Asset Protection:
- Affordability:
Overall, Indiana presents a supportive environment for entrepreneurs, combining a favorable tax climate, streamlined business formation, and robust support programs, making it an attractive destination for starting a company.
Legal Requirements
Remember! Legal Bueno will handle all of these requirements for you, but if you're interested, here are the legal requirements for Indiana:
Articles of Organization
The articles of organization must include:1. The name of the LLC;
- The street address of the LLC's registered office in Indiana and the name of the LLC's registered agent at that office;
- The latest date upon which the LLC is to dissolve, or a statement that the duration of the LLC is perpetual until dissolution;
- If the articles of organization provide for a manager or managers, a statement to that effect;
- Any other matters that the members agree to include, including any matters that are required to be or may be included in an operating agreement.
Ind. Code § 23-18-2-4
Filing Fee: $75 for an electronic filing and $100 to file in a manner other than electronically.
Ind. Code § 23-0.5-9-19
Online Forms.
Filing Process
After you've prepared the initial formation documents, you need to file it! Here is what Indiana laws require for filing:
A document required or permitted to be filed with the secretary of state may be filed if the document meets the following requirements:1. The entity filing must be required or permitted by the Uniform Business Organizations Code;
- The entity filing must be transferred to the secretary of state by hand, mail, or a form of electronic transmission meeting the requirements established by the secretary of state.
- The entity filing must be legible, typewritten or printed, or, if electronically transmitted, in a format that can be retrieved in a reproduced or typewritten form, and otherwise suitable for processing. The words in the entity filing must be in English, and numbers must be in Arabic or Roman numerals, but the name of the entity need not be in English if written in English letters or Arabic or Roman numerals;
- The entity filing must be signed by or on behalf of a person authorized to sign the filing;
- The entity filing must state the name and capacity, if any, of each individual who signed it, either on behalf of the individual or the person authorized or required to sign the filing, but need not contain a seal, attestation, acknowledgment, or verification.
- The entity filing may contain other information as well.
Ind. Code § 23-0.5-2-1
Additional Legal Considerations
Here are some additional relevant laws that might be useful when operating your business in Indiana:
Operating Agreement
Ind. Code § 23-18-1-16
Written operating agreement
Ind. Code § 23-18-4-4
Operating agreements–objectives
Ind. Code § 23-18-4-5
Initial operating agreement–amendments; power of attorney
Ind. Code § 23-18-4-6
Biennial report
Ind. Code § 23-0.5-2-13
Certificate of existence or authorization
Ind. Code § 23-0.5-2-8