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.
Business Structures
Sole Proprietorship Considerations
A sole proprietorship has one owner. It is the simplest business structure and is viewed as an “informal association” in Indiana. The owner controls operations, profits, and losses. Sole proprietorships suit small businesses with low risks.
Registration and Licensing
You may need to register with the Secretary of State depending on your business structure. The tasks to complete are:
- File a business entity report
- Get necessary permits and licenses
- Some business types and professions do need a license to operate in the state
Planning and Advice
Draft a detailed business plan. It helps you understand your long-term goals and serves as proof of future success. Indiana SBDC offers no-cost advising, training, tools, and other resources to start, grow, and scale businesses.
Launching a Small Business or LLC in Indiana
How much does it cost to start an LLC in Indiana? The cost to start an LLC online in Indiana is $95, paid to the Indiana Secretary of State when filing the LLC’s Articles of Organization. Besides, there are tips on how to save money and details about ongoing costs.
Formation Services
Need to save time? Hire a company to form your LLC:
- Northwest ($29 + State Fees)
- LegalZoom ($149 + State Fees)
Registration Timeline
It will take the Indiana Secretary of State 15 days to process both online and hardcopy LLC registrations.
Annual Costs and Registered Agent
Furthermore, another expense to consider is the cost associated with maintaining a Registered Agent in Indiana. Appointing a Registered Agent is mandatory for LLCs in Indiana. Apart from the annual report fee, LLCs in Indiana may also face additional costs, such as professional fees for attorney or accountant services.