How To Create An Llc In Indiana – How to Start an LLC in Indiana: If you’re looking to start an Indiana LLC for $0, you’ve come to the right page. Setting up an LLC is easy and inexpensive. In order to form an LLC, you must follow several steps which include naming your LLC, hiring a registered agent, filing your formation documents, creating an operating agreement, and finally obtaining an EIN. You can easily set up your LLC in Indiana for free. However, you have to pay a mandatory fee to unlock the status. These fees and charges are tax deductible, bringing the cost of forming an LLC to $0.
On this page, you will find all the steps that must be taken to ensure that your Indiana LLC is created properly. We recommend that you read the entire article very carefully, word by word, don’t miss anything 🙂
How To Create An Llc In Indiana
AnLLC (aka limited liability company) is a hybrid business entity that combines the characteristics of a partnership or sole proprietorship. It separates your personal assets from your business assets, giving you personal asset protection. For LLCs, individual members. property is not affected. However, in some cases, if the LLC is sued for business debts, the courts can pierce the corporate veil and use the owner’s personal assets to fulfill his corporate obligations.
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If you want to start an LLC, you must file your company and state documents and pay a $100 filing fee. While this is the most important step, it is not the only one. There are 4 other important steps to follow to form your LLC in Indiana. Below are 5 steps explaining everything you need to do to start an Indiana LLC in 2023. Let’s get started! You can hire a professional LLC formation service in Indiana to set up your LLC instead of doing it yourself; Professional service will make sure everything is done correctly.
The first step to forming a limited liability company in Indiana is giving your LLC a proper name. Before naming your business, you should know that it should be easy to remember, available in the state, and follow all LLC naming guidelines.
There are some specific requirements that all LLCs in Indiana must follow when naming their company. Some of the most important requirements are as follows:
If you don’t want to file your LLC now but want to keep the name you’ve decided on, you can reserve your LLC name for 120 days. To reserve a name, you must apply for a name reservation and pay $10 to reserve your name with the Indiana Secretary of State.
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Once you have a legal name for your LLC, you can register it. However, it is not necessary. Instead, you can use a DBA, fictitious name, or business name. In this case, you must register your name with the Indiana Secretary of State.
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You are not legally required to use the word LLC in your domain name or email address. If you want, you can use it. However, it is recommended not to use an LLC in the domain name. The domain name must be short and easy to remember.
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The second step in forming an LLC in Indiana is appointing a registered agent. A registered agent is a person or business entity acting on behalf of your LLC. This person or business will receive important tax forms, legal documents, all notices of legal process, and other official government communications in Indiana. Therefore, hiring an Indiana registered agent for your LLC is essential.
Make sure your registered agent is a resident of Indiana or has a physical street address. This address will serve as the primary address for the LLC to receive any legal documents. Many LLC formation companies also offer registered agent services. Below are two great LLC formation services; Even if you buy their cheapest plan (usually $49/year), you also get registered agent services and other services for a very reasonable price.
These two are our top recommendations for registered agent services, as they are qualified and licensed to do business in Indiana. Some LLC formation services also offer Indiana registered agent services. You can only purchase the services of a registered agent without purchasing any other LLC formation services. This unique service can come in handy if you’re doing it yourself and don’t want to reveal your home address or if you don’t want to take the veil off of a company.
A person over the age of 18 with a physical address in the state of Indiana can become a registered agent. The registered agent can be an independent person or a business entity. Responsible for handling all legal paperwork on behalf of the LLC.
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Yes, you can become your own registered agent if you are a resident of the state of Indiana and over 18 years of age. To become a registered agent, you must be licensed to conduct any type of business in Indiana.
There are several reasons why you should not be your own registered agent. The registered agent address is used to contact SOS or for any legal transaction. If you are your own registered agent, you may need to upload your personal address to a public forum. Also, a registered agent must be at the address during business hours. This will not be easy for you as you will also have to take care of other things in your LLC. Therefore, it is advisable to designate a separate entity as your registered agent.
If the LLC is sued in Indiana, in some cases, the courts may decide to lift the veil of the company, meaning that the owners of the LLC will be personally liable for their business debts. They may have to give up their personal assets to pay off their business debts. This is called piercing the corporate veil, where personal and business assets are no longer separate. Your personal assets can be protected if you have sufficient capital and all your LLC paperwork is properly filed.
In Indiana, there is no separate consent form to file with the Secretary of State. When changing the registered agent (or name or address), the new registered agent must sign an authorization form. It comes with an application form to change registered agent. There are no fees or charges to be paid for this. For more information on this, read our guide to Indiana registered agents.
How To Form An Llc
The third and most important step in forming an LLC is filing an articles of association. The Indiana Statutes are the legal documents required to register your business with the Indiana Secretary of State. It costs $100 (postal and $95 online) to file your certificate of incorporation in Indiana.
The certificate of formation includes information such as the LLC name, registered agent name, address, personnel information, and company structure (managed by members or managers). Before hiring employees at Indiana LLC, the rules and regulations must be well known. Also, if you are expanding your existing business (LLC) to other states in Indiana, you must register as an Indiana Foreign LLC.
Visit the Secretary of State’s Online Services. You will find the Online Services page. If you’re already a customer, you’ll need to “log into your membership account” and submit your business. If you have not registered, you must register on the site. Click the button below to register or login. Read more about the Indiana Statutes for online registration.
If you prefer to submit a real life form for your LLC registration, you can download the Domestic Company Formation Form (Form 49459). Read the form carefully, fill it out and send it to the following address.
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Processing Time: Generally, it takes about 4-5 business days (approximately) to form your LLC in Indiana. Online application processing time can be faster than offline submissions. For an additional fee, you can also get expedited shipping. However, document processing time may change due to various factors.
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Every LLC owner must pay a filing fee to register their business in Indiana. This fee is mandatory but tax free. If you do it yourself (give birth), there will be no charge
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