Should you form your LLC in Indiana? We've collected the relevant information that will help you make this decision.
- Taxed as a partnership
- Qualified workforce
- Home to one of the top 20 metro areas in US
- Low cost of living
- Collects property taxes at both state and local levels
Cost of doing business
- $90 filing fee / $30 periodic report
- No disclosure of owners
Forming an LLC in Indiana
In order to communicate to the public that your new business is an LLC, its official name will need to end with one of the following signifiers (or abbreviation of): “Limited liability company”, “LLC”, or “L.L.C.” In addition, it is required that the name of your business is not intentionally misleading to consumers, for any reason. Your company’s new name must also be completely unique, and not deceptively similar to any other organizations name or trademarks. Do a FREE name search now.
The owners of an LLC are called “members.” The following information must be required regarding your LLCs members:
- Required number of members
Indiana LLCs must have at least one member or manager listed in their incorporation documents.
- Age restrictions
LLC members in Indiana may be of any age.
- Residence restrictions
There are no residence restrictions imposed on LLC members in Indiana.
- What information needs to be included in the Articles of Organization?
Outside of the principal member, LLC Members in Indiana are not required to list their name or addresses in their Articles of Organization.
Requirements for the Articles of Organization
The Articles of Organization is a document that must be filed during the LLC formation process in every state. Here is the information that must be included in this document when filing in Indiana:
Registered agent information
All Indiana LLCs must have a registered agent on file, and submit their name and address (which cannot be a PO box). This agent will be required to be accessible during standard business hours, and act as the state’s point of contact with the company. Learn more about registered agents.
If your business is a professional practice
Professional service companies are permitted to form as LLCs or professional limited liability companies (PLLCs) in Indiana.
Indiana LLC taxation and fee requirements
There are several tax and fee requirements that must be addressed by LLCs in Indiana. They are as follows:
All states have complex taxation requirements. For more information regarding taxes in Indiana it is advised that you visit the state’s official business related website.
Annual report requirements
LLCs in Indiana are required to file a bi-annual report every other year before the end of the month of the company’s incorporation anniversary date. The cost of this filing is currently $30. Learn more about annual reports.
Tax identification numbers
Indiana requires an EIN (employee identification number) for all LLCs that will have employees, and most banks will require one to open accounts. Indiana also requires LLCs to obtain state tax ID numbers. Learn more about EINs.
Business license requirements
The business licenses and permits required in Indiana vary wildly depending on the county or municipality in which your new LLC is located. If you would like to see more in-depth information on licenses and permits, please feel free to visit the content in our learning library that covers business licenses and permits.
Need an Indiana corporation instead? Click here.