How much does it cost to get a business license 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.
One of the 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.
The cost to file Indiana LLC Articles of Organization online is $95. You’ll 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, including affordable real estate, utility costs, and labor costs. The state has one of the lowest living costs. Indiana’s central location provides easy access to markets.
Optional LLC formation include service fees from $29. Costs for registered agent service range from $50 a year up to $300 or more.
If you currently have an LLC in another state and want to expand into Indiana, you must register as a foreign LLC. The costs are $105 online or $125 by mail. You may also need federal, state, and municipal permits and licenses to operate in Indiana, true regardless of whether you create an LLC or another structure.
The primary cost to start an Indiana LLC is a $100 fee to register with the Secretary of State. You’ll also need to pay a $50 fee every other year to file your report. Other expenses may include registered agent service and business insurance.
The most common business license is a Registered Retail Merchant Certificate, 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 do so online for a $95 filing fee or by mail for a $100 filing fee.
Indiana law requires all businesses to obtain a valid sales tax permit to legally trade, buy, sell, and remit tax to the state. This is a requirement for any business operating within Indiana.
To obtain a business license in Indiana, apply with the relevant licensing or regulatory agency. The agency required will depend on your business’s location and the activities it engages in.
Businesses such as retailers, restaurants, contractors, and healthcare professionals require licensure in Indiana. Registration of your business can be done with the Indiana Secretary of State’s office online, by mail, or in person. Applicable tax registrations can be handled with the Indiana Department of Revenue.
Forming a Limited Liability Company (LLC) in Indiana is a popular choice for entrepreneurs and small business owners. Understanding the costs involved in forming and maintaining an LLC in Indiana is essential.
To start an LLC in Indiana:
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File Articles of Organization with the Indiana Secretary of State.
- Regular filing fee is $100 by mail and $95 online.
- Additional fee for expedited processing.
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File a Business Entity Report every other year.
- Filing online costs $32.
- Filing a hard copy costs $50.
Note that Indiana doesn’t charge LLCs with a specific "franchise" or "privilege" tax. However, your business will need to pay state taxes if it sells products (sales tax) or has employees (withholding tax).