To secure and register your brand name it must be unique, not too similar to another registered name, and shouldn’t contain any restricted wording. To check, conduct a Business Entity Search through the state and if there are potential trademark issues conduct another quick search using the TESS System through the U.S. Patent Office.
Keep in mind your brand name should contain the words ‘Corporation,’ ‘Company,’ ‘Incorporated,’ or ‘Limited.” Abbreviations for these words are also acceptable. If needed, file an Application for Exclusive Use of Corporate Name form to reserve the name for 120 days.
Filing fee: $20
An Indiana Registered Agent. is an individual or recognized/registered business entity in the state with a physical street address (typically non-P.O. Box) responsible for receiving and helping to handle/process all official documents like state filings, legal notices, important tax forms, etc.
Now that you’ve got your registered agent, to make your corporation an official by filing Articles of Incorporation with the Sec. of State. This discloses:
Filing fee: $90
Think of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc. It’s the ultimate company binder! They’re very common and while not necessary having one is highly recommended for all serious business entities.
Appoint at least 1 director who among other things will oversee the corporation until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:
Where you choose to bank is no small matter when we’re talking about a corporation. Often startups and solopreneurs just use personal accounts, but that’s not going to fly with a corporation. Instead you and your CFO, if you have appointed one, need to find the best bank or credit union to handle the business banking services you’ll need to grow.
Look at different fee-structures, perks, incentives, and overall costs and savings and think ahead! You could start with a smaller bank for better deals, then switch to a much larger bank when your volume demands it. To get started, check out this quick breakdown of Business Checking Accounts.
To ensure that you don’t face penalties, fines, and fees when operating a business, you need to completely fulfill your regulatory requirements. To get started:
To be taken seriously by the average professional, not to mention VC-types, lending institutions, business funds and organizations, incubator groups, even crowdfunding and social selling platforms – your corporation must have presentation-ready business plans that focus on core fundamentals.
The good news is that thanks to, well in large part Californian-made software, the process of putting together these plans is far easier and more intuitive for those that don’t have MBAs or a long history of founding companies. To learn more check out our free resources below.
From Wix to Weebly, the options you have as a corporation to establish a digital presence are incredible compared to where we were only a handful of years ago. Why? Because we all want and need the same thing, a responsive, good-looking, and unique website where we can do business and expand our brands.
Regardless, it’s important to get out there, take advantage of the marketing potential, grow the brand name in the digital economy, and give people a way to investigate what you’re about!
Note that this article on how to form a corporation in Indiana isn’t a legal document or legal advice. It’s for informational purposes and the information above is subject to change. For specific legal questions regarding how to form a corporation in Indiana or business in general, please consult with a lawyer or other accredited professional.