As with every state requirement when it comes to naming an LLC, Indiana has set forth some simple rules on filing an Indiana LLC name to be legally acceptable. At the end of the Indiana LLC name you should include ‘Limited Liability Company’, ‘LLC’ or ‘L.L.C.’ The name can also include the name of the manager or a member, but it is not a requirement.
As soon as the business name has been coined, its availability can be checked using Indiana’s business name search tool. A reservation for 120 days can be made using the Application for Exclusive Use of Corporate Name form. This form can be filed through mail or online application with a filing fee of $20.
Starting an LLC in Indiana also requires that you hire an Indiana Registered Agent. An Agent for your IN LLC should be duly registered to act as an Agent not to mention that a physical address should also be provided as soon as the position is accepted.
That said, you can hire a Registered Agent service and pay up to $160/year, or get an Indiana Registered Agent free of charge when you incorporate your LLC with IncFile.
An Articles of Organization is filed to legally register an LLC in Indiana. The Indiana LLC filing is done through the Business Services Division of the Secretary of State.
If an Application for Exclusive Use of Corporate Name form was filed to reserve the name, then it should also be attached to the Articles of Organization during filing of the LLC. A mail or online application can be done.
Fee for filing the LLC: $90 payable to the State of Indiana
In addition to all the other requirements for the formation of your LLC, an Indiana LLC EIN should also be obtained. You can process for an LLC EIN for free through the IRS.
There are various ways to apply for an EIN but the online application is the easiest and fastest.
By opening a bank account you will be able to keep your personal and business finances separate. This way, you can ensure that all your personal assets will not be mixed up with your business assets.
To find out which is the best bank for your Indiana LLC, do the research. Visit this quick roundup for a list of our favorites.
As soon as you finish the basic steps to starting an Indiana business above, here are a few additional requirements to become an official business. You need these steps so you can operate legally. Also, a few steps may not be mandatory, but they can definitely propel your venture towards the success you want to achieve.
A business can only be successful if there is a clear-cut plan on what needs to be done and how to go about it, so it is vital that a business plan should be in order when starting an Indiana business.
Being a gifted writer is not a requirement when you write a business plan. Rather, a clear perspective of what your entire business is, is the key. Additionally, the resources below should give you a run through of what to do when writing a business plan for your Indiana LLC.
Any person starting an LLC in Indiana must comply with Indiana LLC tax and license requirements as mandated by federal, state, and local laws. Completion of all tax and license requirements is an assurance that you are a legal Indiana LLC entity. To assist you with the completion of Indiana taxes requirements, you can use the Indiana Business Taxes guide.
In addition to tax requirements when starting an LLC in Indiana, you will also be completing requirements for Indiana business licenses. Just as your tax requirements, those of the Indiana business license are also numerous. To keep everything in check and sorted, you can refer to our Indiana Business Licenses and Regulations guide.
An LLC Operating Agreement is a necessity when you’re operating an Indiana LLC because it safeguards the limited liability status of your business. In the process, it also protects the financial and managerial responsibilities of the members of the LLC.
You can create your own Operating Agreement with the help of Rocket Lawyer’s fully customizable Operating Agreement.
If you want your LLC to be taken seriously, build a professional website so your potential customers can learn more. In my opinion, WordPress is the platform for the non-tech savvy entrepreneurs and is the best option.
Helpful Resource: To learn more about WordPress and see how to build a WordPress website, check out this step-by-step guide.
A note and reminder that this guide is just an informational article and not a legal document or advice. Any specific questions or expert advice on starting an LLC in Indiana or Indiana LLC questions in general should be solely directed to a professional. In this case, only seek and follow the advice of a professional.