- Indiana Business Registration Process
The cost to file Indiana LLC Articles of Organization online is $95. You’ll file this form with the Indiana Secretary of State. The cost for registering an Indiana foreign LLC online is $105. According to the legal requirements for business registration in Indiana, every business is obliged to designate and register its organizational structure – be it an LLC, corporation, partnership or any other form with the Secretary of State in Indiana. The procedure for registration hinges on the specific type of organization.
Indiana law clearly states that a “foreign corporation may not transact business in Indiana until the corporation obtains a certificate of authority from the secretary of state.” Fortunately, that is an easy process and relatively inexpensive. Though all other businesses in Indiana must typically register with the Indiana Secretary of State as well as the Department of Revenue, sole proprietorships and general partnerships are exempt from this requirement.
To file the Articles of Incorporation for a corporation in Indiana, you must file your formation documents to the Secretary of State Business Services Division online for a $95 filing fee or by mail for a $100 filing fee. The cost to start an Indiana limited liability company (LLC) is $95. This fee is paid to the Indiana Secretary of State when filing the LLC’s Articles of Organization.
- Starting a Business in Indiana Requirements
If you are starting a new business in Indiana, you may need to register with the Indiana Department of Revenue. Refer to the Online Business Tax Application (BT-1) Checklist for more information. Register with the Department through INBiz. The most common business license is a Registered Retail Merchant Certificate, or a seller’s permit, which allows you to sell products or services in Indiana, and costs $25. Indiana is another state that does not have one all-inclusive business license.
What is needed to start a small business in Indiana? To start a new small business in Indiana, you need to select a registered agent, file either articles of organization or articles of incorporation, and pay the state filing fee online through Indiana’s INBiz website. The filing fee for online business formation (LLC or corporation) is $90, or $30 for nonprofit organizations. Indiana offers a competitive cost structure for starting businesses, including affordable real estate, utility costs, and labor costs. The state’s central location within the United States provides easy access to major markets.
- Business Registration Process in Indiana
The most common types of companies formed when starting a business in Indiana are a Limited Liability Company (LLC) and an Incorporated Company (Inc.). An LLC costs $95 to file the articles of organization online with the Indiana Secretary of State. The cost for registering an Indiana foreign LLC online is $105. With the 3rd lowest cost of living in the US, Indiana is a great choice for entrepreneurs starting a business. Follow the steps to start your business today and get on the fast track to financial and personal independence: research the market and refine your business idea, choose a business structure, register with the Secretary of State, obtain licenses and permits, arrange for financing, and more. Sole proprietorships have one owner, the simplest business structure, and do not need registration with the Secretary of State. Partnerships also don’t require state registration. The journey of business registration in Indiana is straightforward when equipped with know-how. Crucial steps include: select a business entity based on your goals for growth, register your chosen incorporated structure with the Secretary of State, obtain required licenses and permits, arrange financing, and comply with state tax requirements.