Initial Costs
It costs $90 to file business formation papers. You may need to obtain a sales tax permit for $25. Be sure to factor in operating costs for your new business.
Sole Proprietorship in Indiana
A sole proprietorship has one owner. It is the simplest business structure and is viewed as an “informal association” in Indiana.
Consider a sole proprietorship if you want to start a business in Indiana by yourself. The owner controls operations, profits, and losses. Sole proprietorships suit small businesses with low risks.
Business Registration and Licensing
- Register with the Secretary of State depending on your business structure.
- File a business entity report.
- Get necessary permits and licenses.
You don’t need a general business license in Indiana. However, some business types and professions do need a license to work in the state.
Business Planning and Support
- Draft a detailed business plan.
- Consult the Indiana SBDC for no-cost advising, training, tools, and resources.
- Use Durable, a free toolset for service businesses.
Cost of Starting an LLC in Indiana
The cost to start an LLC in Indiana is $95, paid to the Indiana Secretary of State when filing the LLC’s Articles of Organization. Hiring a company to form your LLC can range from $29 + State Fees with Northwest to $149 + State Fees with LegalZoom.
Other associated costs include:
- Registered Agent fee
- Annual report fee
- Professional fees for attorney or accountant services
It takes 15 days to process online LLC registrations and 5 weeks for hardcopy submissions. Indiana does not offer expedited LLC services.