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The cost of an Indiana LLC can vary depending on the type of company and the required services.
This article will provide an overview of the Indiana LLC fees. It also includes helpful resources for those who want more information about starting an LLC in the Hoosier State.
How Much Does an LLC Cost in Indiana?
Here are the (required and optional) Indiana LLC fees:
Indiana LLC Online Filing Fee
The online filing fee is the primary cost of an Indiana LLC. The filing fee is $95, which covers the cost of processing and filing a company's Articles of Organization with the Indiana Secretary of State.
Cities and counties may require business owners to purchase specific regulatory requirements for doing business in their jurisdiction. These fees will vary significantly, depending on the business and location.
A Registered Retail Merchant Certificate, often known as a seller's permit, is the most popular business license. It costs $25 and permits companies to sell products or services in the state.
Whether any of these services are required will depend on the industry one intends to enter. For a detailed list of Indiana business license requirements, interested parties can contact the state's Professional Licensing Agency.
Registered Agent Service
Registered agent service providers come in very handy when forming an LLC. Not only will they provide a registered address for a company, but they'll also accept and process legal papers on behalf of their clients.
Additionally, they'll transmit notifications of any lawsuits or other legal papers.
As a result, they're a great way to protect the limited liability status of a company.
The benefits and costs of using Indiana registered agent services vary between companies.
Some of the best Indiana LLC Formation Services include Incfile, Northwest Registered Agent, and Legalzoom.
For those on a budget, Incfile is the way to go. They offer the lowest rates for registered agent services with top-notch service and support.
Northwest Registered Agent has the best customer service for entities looking for a more personalized experience. They pride themselves on providing LLC services without hidden fees and an easy checkout process.
They can also provide complete online forms to save time and money.
Legalzoom offers reasonably priced registered agent services with excellent customer support.
Whether a business uses an in-state service or not, they have to choose a service that meets their needs and fits comfortably within their budget.
Depending on the business, it is always best to look for an agent covering the areas one intends to conduct business.
Doing Business As" (DBA) Name
The Doing Business As or "DBA" name is used in place of the actual company name.
If a company has a DBA, they'd want to include it in the Articles of Organization for the Indiana LLC.
While this is an optional step, one has to be sure the DBA meets any requirements imposed by the state. The cost of Certification of Assumed Business Name is $20 online $30 if done by mail.
LLC Name Reservation
The LLC Name Reservation is also an option, which can be selected if a business wants to reserve a name for future use as their business name.
They will apply for the reservation by filing an LLC Name Reservation Form with the Secretary of State. The application must be filed within 120 days of filing their Articles of Organization, and the cost is $10.
Cost to Form a Foreign LLC in Indiana
Entities planning on opening a business in Indiana located outside of the state will have to file for a Foreign LLC.
They'll need to contact the Secretary of State's office and file for Foreign Registration Statement (Form 56369). The cost for a foreign LLC in Indiana is $125 by mail or $105 online.
Indiana Biennial Report Fee
While new business owners will expect Indiana LLC annual fees, the state only charges a Biennial Report Fee every two years. The cost for this is $50 for paper filing and $31 for electronic filing.
The report is due on the last day of the month the LLC was formed.
If a company involves an attorney in the process, attorney's fees will incur. These costs will depend on how much work the attorney has to do.
Although LLC formation services can vary significantly from one company to another, what stays the same is that doing business in Indiana is generally easier than in other states.
The state is only as complex as its citizens make it. Those who are well-prepared and know where to look for help can have their new LLCs up and running in no time.
How much does it cost to start an LLC in Indiana?
The Indiana LLC cost is $95. This includes the filing fee for an Indiana LLC. The filing fee covers the cost of processing and filing an entity's Articles of Organization with the Secretary of State in Indiana.
How long does it take to form an LLC in Indiana?
It takes about 7-10 days via mail and a day to form an LLC in Indiana online
Is there a need for a business license to start an LLC in Indiana?
Most companies don't need a business license to start an LLC in Indiana, but others may need one to operate, depending on the industry. It is always best to check with the local city or county clerk's office to see if there is a need for one.
As mentioned earlier, the cost of an Indiana LLC depends on a few factors, including whether one is forming a domestic or foreign LLC and the registered agents. Overall, the process is pretty simple and shouldn't cost more than a few hundred dollars.
For more questions, do reach out using the comments below.
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