Indiana LLC Annual Fees & Requirements

Rhys Marsden,

This article explores the annual fees and requirements for Limited Liability Companies (LLCs) in Indiana, providing valuable information for business owners operating in the state.

Choosing a Business Structure in Indiana

Choosing the right business structure in Indiana is crucial for any entrepreneur. An LLC is a popular option due to its flexibility, limited liability, and tax benefits. The cost of forming an LLC in Indiana is a $95 filing fee, while the annual report fee is $50. You can register through the Secretary of State’s Business Services Division or hire a professional service like ZenBusiness Inc. to handle the paperwork for you. To maintain compliance, LLCs must file annual reports and obtain operating licenses. As a future Indiana entrepreneur, it’s important to understand all the options available to you and seek counsel from trusted parties in the business community.

Filing Fees for Indiana LLCs

Filing Fee Type Fee Amount
Articles of Organization $95
Annual Report $50
Amendment to Articles of Organization $30
Statement of Change of Registered Agent or Office $10
Certificate of Conversion $95
Certificate of Dissolution $30

Biennial Report Fees for Indiana LLCs

Indiana LLCs are required to file a biennial report with the state’s Secretary of State. The report includes basic information about your business, such as its name, DBA name (if applicable), business name, and registered agent. The filing fee for the biennial report is $30. If you fail to file your report on time, your business could be administratively dissolved. The report filing process can be completed online or by mail. You may also need to obtain certain operating licenses and certifications to conduct business in Indiana. The TRUiC team can help guide you through the process of LLC formation and compliance to ensure your business is on the path to prosperity.

indiana llc annual fees

Forming a Foreign LLC in Indiana

Forming a Foreign LLC in Indiana requires submitting the appropriate forms and paying a registration fee. The Business Services Division of the Indiana Secretary of State’s office oversees the registration process. Foreign LLCs must also provide a tax clearance certificate from the Indiana Department of Revenue. The annual report filing fee for foreign LLCs is $150, with an additional $100 fee for late filings. Indiana LLCs are required to file annual reports with the Corporations Division to maintain their existence. The TRUiC team offers a guide to help businesses stay compliant with annual fees and requirements. Working with a counsel or trusted business association can also help ensure future prosperity.

Operating Agreements for Indiana LLCs

Operating agreements are vital for Indiana LLCs as they outline the rights and obligations of the parties involved and help prevent disputes. They should be tailored to the specific needs of the business and its members. Indiana LLCs also have annual requirements, including a business entity report filed with the Secretary of State and payment of an annual report fee. Failure to follow these requirements can result in penalties and even dissolution of the LLC. ZenBusiness Inc. is a leader in LLC formation and can assist with tax clearance, DBA name registration, and more. It’s important for Future Indiana Entrepreneurs to understand the costs and processes involved in forming and maintaining an LLC in Indiana.

Tax Obligations for Indiana LLCs

Tax Obligations for Indiana LLCs
State Income Tax
LLCs in Indiana are pass-through entities, which means they don’t pay state income tax. Instead, the income earned by the LLC is reported on the owners’ personal income tax returns.
Employment Taxes
If the LLC has employees, it must pay federal and state employment taxes, including Social Security and Medicare taxes, federal and state unemployment taxes, and state income tax withholding.
Sales and Use Tax
If the LLC sells physical products or taxable services, it must collect and remit Indiana sales tax. If the LLC purchases goods or services for use in the business, it may owe Indiana use tax.
Business Personal Property Tax
LLCs in Indiana must file a business personal property tax return with the county assessor’s office each year. This return reports the value of the LLC’s personal property, such as equipment, furniture, and fixtures.
Franchise Tax
Indiana does not have a franchise tax.

Indiana LLC Name and DBA Requirements

When forming an Indiana LLC, it’s important to choose a business name that meets the state’s requirements. Your LLC name should include the words “limited liability company” or an abbreviation like “LLC”. If you want to do business under a name that’s different from your LLC name, you’ll need to file a DBA (doing business as) form with the Corporations Division. The cost for filing a DBA is $10. Note that if you fail to file a DBA and use a name that’s not your LLC name, you could face legal situations. Make sure to follow the state’s requirements to keep your LLC in good standing.

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LLC Annual Fees