Business Registration Costs in Indiana
The initial fees and mandatory annual reports are comparatively low. When you consider all the other benefits to registering a business in Indiana, it becomes a pretty attractive state for business.
Types of Business Structures
One of the two most common types of companies you may wish to form when starting and registering 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.
Filing Fees and Additional 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.
Indiana offers a competitive cost structure for businesses, including affordable real estate, utility costs, and labor costs. The state has one of the lowest living costs in the nation. Indiana’s central location within the United States provides easy access to major markets.
If you currently have an LLC established in another state and want to expand into Indiana, you must register your LLC as a foreign LLC in Indiana. An Indiana foreign LLC registration costs $105 online or $125 by mail. Depending on your industry and geographic area, your company may need federal, state, and municipal permits/licenses to operate lawfully in Indiana.
A registered agent in Indiana is an individual or business entity that receives tax forms and other official government correspondence on behalf of a sole proprietorship, corporation, or LLC. The registered agent you choose must be an Indiana resident or a registered agent service authorized to conduct business in the state.
When starting an Indiana LLC, your primary cost will be paying the $100 fee ($98 online) to register your business with the Secretary of State. You’ll also need to pay $50 ($32 online) every other year to file your Business Entity Report. In addition to these basic costs, you’ll have other expenses to consider, like hiring a registered agent service and purchasing business insurance.