Business Registration Costs in Indiana
How much does it cost to register a business in Indiana? The initial fees and annual reports are comparatively low. When you consider all benefits to registering a business in Indiana, it becomes a pretty attractive state.
Types of Businesses and Sole Proprietorship
One of two most common types of companies you may wish to form when starting a business in Indiana are: Indiana Limited Liability Company (LLC) and Indiana Incorporated Company (Inc.).
A sole proprietorship only has one owner. It is the simplest business structure and does not need to be registered with the Secretary of State.
LLC Formation Costs
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. Optional LLC formation costs include service fees from $29.
Costs for registered agent service range from $50 a year up to $300 or more.
If you want to expand an existing LLC into Indiana, you must register as a foreign LLC. The cost is $105 online or $125 by mail. Depending on your industry and location, you may need various federal, state, and local permits or licenses to operate in Indiana.
A registered agent in Indiana receives tax forms and correspondence on behalf of the business.
When starting an Indiana LLC, the primary cost will be a $100 fee to register with the Secretary of State. Additionally, there is a $50 biennial fee to file a business entity report. Other possible expenses include registered agent services and business insurance.
Business License and Permits
How much does a business Licence cost in Indiana?
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. 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.
Indiana law requires all businesses to have a valid sales tax permit to legally trade, buy, sell, and pay tax to the state.
You can obtain a business license in Indiana by applying with the relevant licensing or regulatory agency.
LLC Costs and Requirements
How much does an LLC cost in Indiana?
It costs $95 to form an LLC in Indiana for the Articles of Organization filing fee. Costs for a registered agent service range from $50 a year up to $300 or more.
To form an LLC in Indiana, you must file Articles of Organization with the Indiana Secretary of State. The regular filing fee is $100 (by mail) and $95 (online). Expedited processing will incur an additional fee.
In Indiana, the “Business Entity Report” is required biennially by the end of the month in which you formed your LLC. Filing online will cost $32, and filing a hard copy costs $50.
Indiana does not charge LLCs with a specific “franchise” or “privilege” tax. However, your business will need to pay specialized taxes if it sells products (sales tax) or if you have employees (withholding tax).