Filing An Indiana LLC
Creating an Indiana LLC could be well worth it for potential new business owners. Not only is the process straightforward, but there could significant business benefits as well, such as protection from corporate liability. Although the filing process is straightforward, prospective owners must be thorough.
Steps To Filing An Indiana LLC
Choose A Name
The first thing that prospective Indiana LLC owners must do is choose a name for their new entity. When doing so, they’ll want to make sure that the name is unique and that it is not already in use by another company. They can do so by using DoMyLLC’s Name Availability Check Page. Additionally, Indiana requires companies to include as indicator in their title, such as “LLC,” “L.L.C.,” or “Limited Liability Company.”
Choose A Registered Agent
After choosing a name, potential new business owners must then select a registered agent. Many Indiana LLCs feel that this is a formality, without realizing the potential benefits that a quality registered agent could offer. Registered agents are responsible for accepting legal correspondence on behalf of the company. Indiana LLC owners should consider hiring a professional, trustworthy company such as DoMyLLC to serve as their registered agent.
File Articles Of Organization & Pay Filing Fees
The next step is for owners to file an Articles of Organization with the Secretary of State’s Business Services Division. When doing so, they must include a filing fee of $100, unless they file online, at which point the cost is $98. Some of the other information included in the form is:
- Name of the business
- Address of the Principal Office
- Name and street address of the registered agent
- Dissolution information
- Management information
- Effective date
- Signature of the person responsible for preparing the document
File Initial Report
Indiana businesses do not have to file an Initial Report, but they must submit Biennial Reports in the future.
Create An Operating Agreement And Hold Meetings
Indiana LLCs will also want to draft an operating agreement to define further how they will run their company. Once in place, the Indiana LLC can begin holding meetings.
Obtain Employer Identification Number
The IRS issues the Employer Identification Number. It allows businesses to file taxes and to open a bank account.
File State Required Biennial Reports
Indiana LLC owners must submit a Biennial Report to the Secretary of State’s Office every other year. This report is due by the end of the registration anniversary month. If filing online, it costs $32 to submit the form. If registering by mail, it costs $50. There is no late fee for not filing on time, although the Secretary of State’s office will dissolve a business if they have not submitted the form within 120 days of the deadline. You can learn more about Indiana Biennial Report requirements here.
Although Biennial Reports are due every other year, Indiana LLC owners must meet some annual requirements. They must pay federal, state, and local taxes each year. They must also acquire and renew licenses and permits relevant to their business.
How DoMyLLC Can Assist With Streamlining The Process
DoMyLLC has years of experience working with Indiana LLC owners. No matter if you’re looking for assistance in forming your company or are looking for help tracking the administrative side of things, we are here to help, offering services such as:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
If you’re interested in learning more about how DoMyLLC can help your Indiana LLC thrive, be sure to contact us today.