Forming an LLC in Indiana
Forming an LLC in Indiana in 7 easy steps
- First and foremost, your LLC must be named. The name must be unique (i.e. not used by any other LLC) and you must refrain from trademark violations. The name must include an LLC identifier that lets the public know that your company is a limited liability company, such as “Ltd Liability Co”, “LLC” or “L.L.C.”. If you for instance wish to call your company “Indiana Ice Cream” you should give it the formal name “Indiana Ice Cream LLC” or similar.
- You are not required by Indiana state law to hire an attorney to do any work for you when forming an LLC in Indiana, but it can still be worthwhile to pay an attorney to check your Operating Agreement. Faulty Operating Agreements are known to cause serious tax problems for LLC’s and trouble with the IRS is the last thing a company needs.
- During step three, it is time to head for the Indiana State filing office and file the Articles of Organization. When forming an LLC in Indiana, the minimum LLC state filing fee is $90.00.
- After you have filed the Articles of Organization, the members (owners) of the LLC needs to congregate for an Organizational Meeting where the formally adopt the Operating Agreement.
- As soon as step four is finishes, you are ready to apply for a Federal Employer Identification Number (FEIN).
- Set up a bank account for your newly formed LLC.
- Decide which cities and counties you plan on doing business in and apply for any necessary local business licenses and permits.
Maintaining an LLC in Indiana
In Indiana, the LLC has to hand in an annual report prior to the month of original filing and pay $23 in annual report fee.
